How Do Investors' Expectations Drive Asset Prices?
نویسندگان
چکیده
منابع مشابه
Asset Prices and Institutional Investors∗
Empirical evidence indicates that trades by institutional investors have sizable effects on asset prices, generating phenomena such as index effects, asset-class effects and others. It is difficult to explain such phenomena within standard representative-agent asset pricing models. In this paper, we consider an economy populated by institutional investors alongside standard retail investors. In...
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ژورنال
عنوان ژورنال: The Financial Review
سال: 2001
ISSN: 0732-8516,1540-6288
DOI: 10.1111/j.1540-6288.2001.tb00030.x