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Institutional underperformance: Should managers listen to the sell-side before trading? |
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| Authors: | Hobbs Jeffrey Singh Vivek Chakraborty Madhumita |
| Institution: | 1.Department of Finance, Banking and Insurance, Walker College of Business, Appalachian State University, Boone, USA ;2.Department of Accounting and Finance, College of Business, University of Michigan, Dearborn, Dearborn, USA ;3.Department of Finance and Accounting, Indian Institute of Management, Lucknow, Lucknow, India ; |
| Abstract: | Review of Quantitative Finance and Accounting - This study examines the performance of institutional trades in the context of recent analyst recommendation changes. We report several findings.... |
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