Resource type
Date created
2017-12
Authors/Contributors
Author: Isaiah, Chioma
Author: Li, Meng (Emma)
Abstract
This paper examines the relationship between the level of institutional ownership andrisk-adjusted return on stocks. We find a significant positive relationship between the level ofinstitutional ownership on a stock and its risk-adjusted return. This result holds both in the longrun and in shorter time periods. Our findings suggest that all things being equal, it is possible toobtain risk-adjusted return by going short on the stocks with low institutional ownership andgoing long on those with a high level of institutional ownership.
Document
Description
MSc in Finance Project-Simon Fraser University.
Copyright statement
Copyright is held by the author(s).
Scholarly level
Peer reviewed?
No
Language
English
Member of collection
| Download file | Size |
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| input_data\nid_17830\Isaiah%2C%20C%20%2526%20Li%2C%20M.pdf | 242.84 KB |