Information Uncertainty and Institutional Ownership
碩士 === 國立臺灣大學 === 財務金融學研究所 === 106 === This study investigates the effects of information uncertainty on institutional share-holding and overweight behavior, including share-holding behavior of different types of institutional investor (TRA, Non-TRA). The empirical results show that the information...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2018
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| Online Access: | http://ndltd.ncl.edu.tw/handle/q32y7s |
| Summary: | 碩士 === 國立臺灣大學 === 財務金融學研究所 === 106 === This study investigates the effects of information uncertainty on institutional
share-holding and overweight behavior, including share-holding behavior of different
types of institutional investor (TRA, Non-TRA). The empirical results show that the
information uncertainty has a significant negative effect on institutional share-holding
and overweight behavior. This negative relationship is robust after adding controlling
variables. The negative effect of information uncertainty is more significant on the
non-TRA institutional investors than on TRA ones. In addition, the effect of
information uncertainty also defers in one period.
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