The Information Recognition of Institutional Investors on Their Trading Behaviors：Evidence from De-listed Companies
碩士 === 國立雲林科技大學 === 財務金融系碩士班 === 94 === The purpose of this study is to investigate whether different information recognitions from institutional investors make their trading behaviors differently and whether different information contents affect inatitutional investors’ trading behaviors？The empiri...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2006
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| Online Access: | http://ndltd.ncl.edu.tw/handle/67674955531981804896 |
| Summary: | 碩士 === 國立雲林科技大學 === 財務金融系碩士班 === 94 === The purpose of this study is to investigate whether different information recognitions from institutional investors make their trading behaviors differently and whether different information contents affect inatitutional investors’ trading behaviors？The empirical findings indicate that almost all kinds of information contents except the good operating news may cause different institutional investors have different trading behaviors.The results imply that institutional investors may have different trading behaviors due to the different in information recognition. In addition that is good operating news and bad operating news may cause institutional investors’ the same trading behavior, while the information that is financing news and management turnover and bad managing news may cause institutional investors’ different trading behaviors. Finally, the volume of trade reaction to public information including macroeconomic and firm-specific announcements.
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