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@article{ART002163382},
author={Sung Won Seo and 신승훈},
title={Institutional Investors and Financial Crisis},
journal={Asset Management Review},
issn={2288-6672},
year={2016},
volume={4},
number={1},
pages={32-51}

TY - JOUR
AU - Sung Won Seo
AU - 신승훈
TI - Institutional Investors and Financial Crisis
JO - Asset Management Review
PY - 2016
VL - 4
IS - 1
PB - Institute of Management Research, SungKyunKwan University
SP - 32
EP - 51
SN - 2288-6672
AB - We find that characteristics of stocks owned by institutional investors are changed after the 2007-2008 financial crisis, by analyzing institutional investors that have been reported on the filings of SEC’s Form 13F from 2005 to 2011. We find that before the crisis institutional investors prefer stocks with low past volatility. However, we find no such patterns or even opposite patterns after the crisis. Consistent with previous literature, we confirm they consistently have a strong preference for large, liquid, and under-valued stocks before and after the crisis. However, we find that this preference is statistically weak in the middle of financial crisis.
KW - Institutional investors;Financial crisis;Volatility;Liquidity;Firm size;Under-valuation
DO -
UR -
ER -

Sung Won Seo and 신승훈. (2016). Institutional Investors and Financial Crisis. Asset Management Review, 4(1), 32-51.

Sung Won Seo and 신승훈. 2016, "Institutional Investors and Financial Crisis", Asset Management Review, vol.4, no.1 pp.32-51.

Sung Won Seo, 신승훈 "Institutional Investors and Financial Crisis" Asset Management Review 4.1 pp.32-51 (2016) : 32.

Sung Won Seo, 신승훈. Institutional Investors and Financial Crisis. 2016; 4(1), 32-51.

Sung Won Seo and 신승훈. "Institutional Investors and Financial Crisis" Asset Management Review 4, no.1 (2016) : 32-51.

Sung Won Seo; 신승훈. Institutional Investors and Financial Crisis. Asset Management Review, 4(1), 32-51.

Sung Won Seo; 신승훈. Institutional Investors and Financial Crisis. Asset Management Review. 2016; 4(1) 32-51.

Sung Won Seo, 신승훈. Institutional Investors and Financial Crisis. 2016; 4(1), 32-51.

Sung Won Seo and 신승훈. "Institutional Investors and Financial Crisis" Asset Management Review 4, no.1 (2016) : 32-51.