The Interim Trading Skills of Institutional Investors

By Andy Puckett, Xuemin Yan. 2011

401 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/45562d65bf1238a9ab74f3bc81f5e9f7cbf5bf24

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Citations in the corpus

Uncovering Hedge Fund Skill from the Portfolio Holdings They Hide (2013, neutral): “If some inter-quarter trades are informed (see Puckett and Yan (2011) for such evidence), then our return results are biased downwards.”
Mandatory Portfolio Disclosure, Stock Liquidity, and Mutual Fund Performance: Portfolio Disclosure, Liquidity, and Fund Performance (2014, background): “…(Brown and Schwarz (2012)), (c) hiding certain positions to maximize the benefits of their private information (Agarwal et al. (2013) and Aragon, Hertzel, and Shi (2013)), and (d) trading strategically within the quarter to minimize the impact of disclosure (Wang (2010) and Puckett and Yan (2011)).”
The Flash Crash: High-Frequency Trading in an Electronic Market (2017, neutral): “This category is meant to capture accounts that accumulate significant directional positions on a given day and most likely reflects trading patterns of institutional investors with longer holding horizons (see Anand et al. (2013), and Puckett and Yan (2011), among others).”
Risk and Return in High-Frequency Trading (2018, neutral): “The fundamental trader category is meant to capture large institutional traders who adopt buy-and-hold strategies, such as those studied by Anand, Irvine, Puckett, and Venkataraman (2012) and Puckett and Yan (2011). Specifically, Fundamental traders have a (1) median trading volume of 1000 contracts”
Performance of Institutional Trading Desks: An Analysis of Persistence in Trading Costs (2012, positive): “29 Informationin this Appendix is an updated version of Puckett and Yan(2011).”
Institutional Trading and Stock Resiliency: Evidence from the 2007-2009 Financial Crisis (2013, neutral): “Academic studies using Abel Noser Solutions data include Goldstein, Irvine, Kandel, and Weiner (2009), Chemmanur, He, and Hu (2009), Goldstein, Irvine, and Puckett (2011), and Puckett and Yan (2011). For each execution, the database reports identity codes for the institution and the broker involved ”
Analyst Recommendations, Mutual Fund Herding, and Overreaction in Stock Prices (2014, methodology): “Career Concerns and Mutual Fund Herding on Analyst Revisions One strong incentive that motivates fund managers to herd is their concern over job security, as modeled by Scharfstein and Stein (1990) and Froot et al.”
Rumor Has It: Sensationalism in Financial Media (2015, background): “Importantly, Puckett and Yan (2011) show that the ANcerno data are free from survivorship and backfill bias and are representative of the average institutional investor that files Form 13F.”
It Depends on Where You Search: Institutional Investor Attention and Underreaction to News (2017, background): “found in the appendix of Puckett and Yan (2011). Our sample of transactions from Ancerno ends on June, 2015.”
Marching to the Beat of Different Drummers: The Influence of Institutional Owners on Competitive Actions (2010, background): “Transient investors develop an expertise focused on short-term objectives (Puckett & Yan, 2008).”
Weather-Induced Mood, Institutional Investors, and Stock Returns (2015, background): “12 In their seminal study on seasonal depression, Rosenthal et al. (1984) show that light treatment simulating sunshine during clear sky days has stronger antidepressant benefits than does treatment simulating sunshine in fully overcast days.”