Stealth-Trading: Which Traders' Trades Move Stock Prices?

By Sugato Chakravarty. 2001

237 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/9973350507ff6734bfca72216279f009f412eb0a

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Citations in the corpus

Commercial Real Estate Valuation: Fundamentals Versus Investor Sentiment (2009, unknown): “example, Chakravarty (2001) , Jones and Lipson (2004), and Sias et al. (2006).”
Caught on tape: Institutional trading, stock returns, and earnings announcements (2009, background): “Chakravarty (2001) presents an in-depth analysis of stealth trading, defined, consistently with Barclay and Warner (1993), as trading by informed agents that attempts to pass undetected by the marketmaker and that is disproportionately likely to be associated with large price changes.”
The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices (2004, background): “To the extent that institutional investment decisions are influenced by private information, changes in the institutions’ holdings will convey information (Chakravarty 2001).”
Forecasting Volatility of the U.S. Oil Market (2014, unknown): “However, this information can potentially be ”hidden” by breaking a large trade into smaller parts, which according to (Chakravarty, 2001), is a widely used tactics.”
How disclosure quality affects the level of information asymmetry (2007, unknown): “loss of some information, the reduction may be minor as informed investors disguise their information by mimicking the trade sizes of uninformed traders (Barclay & Warner, 1993; Chakravarty, 2001 ).”
Does motivation matter when assessing trade performance? An analysis of mutual funds (2007, unknown): “A possible source of serial trading is the existence of stealth trading by institutions where multiple orders are used in an attempt to disguise their identity as shown by, for example, Chakravarty (2001) .”
Corporate Governance, Idiosyncratic Risk, and Information Flow (2007, background): “First, institutional investors are active in private information collection and trading, according to evidence in Chakravarty (2001) and Hartzell and Starks (2003).”
Investor Trading and the Post Earnings Announcement Drift (2011, unknown): “…questions whether small traders represent individuals or instead institutions that split their trades into smaller trades (Barclay and Warner 1993; Chakravarty 2001; Campbell et al. 2005), 8 Bushee (2001) provides evidence that some institutional investors over- (under-) weight short- (long-)…”
Which Shorts Are Informed (2008, unknown): “In looking at all trades, both Barclay and Warner (1993) and Chakravarty (2001) find that medium-size orders are the most informed, which they label the stealth-trading hypothesis.”
Informed trading in the index option market: The case of KOSPI 200 options (2008, background): “The studies that suggest an information advantage by institutional investors include Holthausen, Leftwich, and Mayer (1987), Chan and Lakonishok (1993), Keim and Madhavan (1995), Sias and Starks (1997), Walther (1997), Chakravarty (2001) , and Dennis and Weston (2001).”
Just How Much Do Individual Investors Lose by Trading (2007, background): “Other related work includes Lee, Shleifer, and Thaler (1991); Sias and Starks (1997); Bartov, Radhakrishnan, and Krinsky (2000); Chakravarty (2001) ; and Poteshman and Serbin (2003).”