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A new type of investor has emerged recently. These so-called institutional investors have the particularity to be professional money managers. Today, they represent the majority of the money flowing on financial markets. A benefit is that markets should become more efficient. I investigate whether a prominent anomaly – the “value premium” – is related to the presence of institutional investors. I show that the more these investors own a stock, th...
By Ludovic Phalippou
Paperback: 140 pages
Publisher: LAP LAMBERT Academic Publishing (June 27, 2009)
Language: English
ISBN-10: 9783838304403
ISBN-13: 978-3838304403
ASIN: 3838304403
Product Dimensions: 5.9 x 0.3 x 8.7 inches
Amazon Rank: 9768911
Format: PDF Text TXT book
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