Momentum Trading by Institutions

By S. Badrinath, Sunil Wahal. 2002

309 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/541be8506003ab269b24e55ad131a0ee4c954f88

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Citations in the corpus

Caught on tape: Institutional trading, stock returns, and earnings announcements (2009, background): “Burch and Swaminathan (2002) report a positive correlation, but other authors find this to hold only for institutional purchases and not for sales (Cai and Zheng, 2004), only for new institutional positions in a stock (Badrinath and Wahal, 2002), and only for stocks with high past returns (Grinblatt”
Brand Perceptions and the Market for Common Stock (2005, unknown): “Unfortunately, any returns we could perform would lack power due to the small number of years following the brand perception survey, which would preclude analyses of the type conducted by Gompers and Metrick (2001) or Badrinath and Wahal (2002). In addition, a reliable analysis of dynamic shifts in ”
Institutional Ownership Differences and International Diversification: The Effects of Boards of Directors and Technological Opportunity (2003, background): “Badrinath and Wahal (2002) found that these funds display higher sensitivity to past returns than do pension funds.”
Institutional Investors, Past Performance, and Dynamic Loss Aversion (2009, background): “Prior studies have found that institutions engage in momentum trading and buy into well-performing stocks (Griffin, Harris, and Topaloglu (2003), Badrinath and Wahal (2002)).”
Institutional and individual sentiment: Smart money and noise trader risk? (2006, background): “However, this evidence is accompanied by the finding that institutions deliberately herd in and out of stocks (see e.g. Nofsinger and Sias, 1999, Sias, 2004) and that they heavily rely on momentum-style strategies (Badrinath and Wahal, 2002, Griffin, Harris and Topaloglu, 2003).”
Which Institutional Investors Trade Based on Private Information About Earnings and Returns (2007, background): “Badrinath and Wahal [2002] find a positive association between changes in ownership”
The investment behavior and performance of various investor types: a study of Finland's unique data set (2000, methodology): “E-mail address: mark.grinblatt@anderson.ucla.edu (M. Grinblatt) Using data from Finland, this study analyzes the extent to which past returns determine the propensity to buy and sell.”
Institutional Investors and Stock Return Anomalies (2016, unknown): “…with a growing body of research that suggests institutional herding can be destabilizing, resulting in 22 See i.e., Coval and Moskowitz (2001), Badrinath and Wahal…”
Institutional Investors and Equity Returns: Are Short-Term Institutions Better Informed? (2009, background): “For institutional trading patterns such as herding and momentum trading and its impact on stock returns, see, for example, Lakonishok, Shliefer, and Vishny (1992), Grinblatt, Titman, and Wermers (1995), Nofsinger and Sias (1999), Wermers (1999), Badrinath and Wahal (2001), Bennett, Sias, and Starks ”
Is Money Really 'Smart'? New Evidence on the Relation between Mutual Fund Flows, Manager Behavior, and Performance Persistence (2003, background): “Specifically, we decompose the returns and costs of each mutual fund into that attributable to (1) manager skills in picking stocks having returns that beat their style-based benchmarks (selectivity), (2) returns that are attributable to the characteristics (or style) of stockholdings, (3) trading c”