Institutional trading and soft dollars

Journal of Finance

Volumn 56, Issue 1, 2001, Pages 397-416

  Conrad, Jennifer S ^a   Johnson, Kevin M ^b   Wahal, Sunil ^c  

^a UNIVERSITY OF NORTH CAROLINA   (United States)

^b Aronson+Partners   (United States)

^c EMORY UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0040436656     PISSN: 00221082     EISSN: None     Source Type: Journal    
DOI: 10.1111/0022-1082.00331     Document Type: Article

References (17)

1. Association of Investment Management Research, 1997, Soft Dollar Standards: Guidance for Ethical Practices involving Client Brokerage (Charlottesville, Virginia).
2. Bertsimas, Dimitris, and Andrew W. Lo, 1998, Optimal control of execution costs, Journal of Financial Markets 1, 1-50.
3. Blume, Marshall E., 1993, Soft dollars and the brokerage industry, Financial Analysts Journal 49, 36-44.
4. Chan, Louis, and Josef Lakonishok, 1993, Institutional trades and intra-day stock price behavior, Journal of Financial Economics 33, 173-199.
5. Chan, Louis, and Josef Lakonishok, 1995, The behavior of stock prices around institutional trades, Journal of Finance 50, 1147-1174.
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8. Keim, Donald, and Ananth Madhavan, 1995, Anatomy of the trading process: Empirical evidence on the behavior of institutional traders, Journal of Financial Economics 37, 371-398.
9. Keim, Donald, and Ananth Madhavan, 1997, Execution costs and investment style: An interexchange analysis of institutional equity trades, Journal of Financial Economics 46, 265-292.
10. Kraus, Alan, and Hans Stoll, 1972, Price impacts of block trading on the New York Stock Exchange, Journal of Finance 27, 569-588.
11. Kyle, Albert S., 1985, Continuous auctions and insider trading, Econometrica 53, 1315-1335.
12. Perold, Andre, 1988, The implementation shortfall: Paper versus reality, Journal of Portfolio Management 14, 4-9.
13. Securities and Exchange Commission, 1996, Release Number 34-35375; Disclosure by investment advisors regarding soft dollar practices, http://www.sec.gov/rules/proposed/soft.txt.
14. Securities and Exchange Commission, 1998, The inspection report on soft dollar practices of broker-dealers, investment advisors and mutual funds, http://www.sec.gov/news/studies/ softdolr.htm.
15. Wagner, Wayne H., and Mark Edwards, 1993, Best execution, Financial Analysts Journal 49, 65-71.
16. Wall Street Journal, 1998, SEC urges more details on "soft dollars, " 23 September.
17. Wall Street Journal, 1999, Soft dollar funds are here to stay, 25 February.