The effect of regulation FD on transient institutional investors' trading behavior

Journal of Accounting Research

Volumn 46, Issue 4, 2008, Pages 853-883

  Ke, Bin ^a   Petroni, Kathy R ^b   Yu, Yong ^c  

^a PENNSYLVANIA STATE UNIVERSITY   (United States)

^b MICHIGAN STATE UNIVERSITY   (United States)

^c UNIVERSITY OF TEXAS AT AUSTIN   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 48249151791     PISSN: 00218456     EISSN: 1475679X     Source Type: Journal    
DOI: 10.1111/j.1475-679X.2008.00296.x     Document Type: Article

References (28)

1. Bushee, B. The Influence of Institutional Investors on Myopic R&D Investment Behavior Accounting Review 73 (1998 305 33.
2. Bushee, B. Do Institutional Investors Prefer Near-Term Earnings Over Long-Run Value? Contemporary Accounting Research 18 (2001 207 46.
3. Bushee, B., and T. Goodman Which Institutional Investors Trade Based on Private Information About Earnings and Returns? Journal of Accounting Research 45 (2007 289 321.
4. Bushee, B. D. Matsumoto and G. Miller Open Versus Closed Conference Calls: The Determinants and Effects of Broadening Access to Disclosure Journal of Accounting & Economics 34 (2003 149 80.
5. Bushee, B., and C. Noe Corporate Disclosure Practices, Institutional Investors, and Stock Return Volatility Journal of Accounting Research 38 (Supplement 2000 171 202.
6. Chiyachantana, C. C. Jiang N. Taechapiroontong and R. Wood The Impact of Regulation Fair Disclosure on Information Asymmetry and Trading: An Intraday Analysis The Financial Review 39 (2004 549 77.
7. Cook, R. D. Detection of Influential Observations in Linear Regression Technometrics 19 (1977 15 8.
8. Coval, J., and T. Moskowitz Home Bias at Home: Local Equity Preference in Domestic Portfolios Journal of Finance (1999 2045 73.
9. Coval, J., and T. Moskowitz The Geography of Investment: Informed Trading and Asset Prices Journal of Political Economy 109 (2001 811 41.
10. Cready, W. Determinants of Relative Investor Demand for Common Stocks; Professional Adaptation Journal of Accounting, Auditing, and Finance 9 (1994 487 509.
11. DeBaise, C. Analysts Bear Investors' Blame When Bull Bites - Some Call It Scapegoating; 'Painful Reality Check' May Be Lesson Learned Wall Street Journal (August 20, 2001 B7C.
12. Falkenstein, E. Preferences for Stock Characteristics as Revealed by Mutual Fund Portfolio Holdings Journal of Finance 51 (1996 111 36.
13. Francis, J. D. Nanda and X. Wang Re-examining the Effects of Regulation Fair Disclosure Using Foreign Listed Firms to Control for Concurrent Stocks Journal of Accounting & Economics 41 (2006 271 92.
14. Gasparino, C. Deals & Deal Makers: All-Star Analyst Faces Arbitration After Internet Picks Hit the Skids Wall Street Journal (March 2, 2001 C18.
15. Gompers, P., and A. Metrick Institutional Investors and Equity Prices The Quarterly Journal of Economics 116 (2001 229 59.
16. Greenstone, M., and P. Oyer Are There Sectoral Anomalies Too? The Pitfalls of Unreported Multiple Hypothesis Testing and a Simple Solution Review of Quantitative Finance and Accounting 15 (2000 37 55.
17. Hovanesian, M., and A. Borrus Can the Street Make Research Pay? In the Eliot Spitzer Era, It's Looking More and More Like an Expensive Luxury Business Week 3918 (January 31, 2005 80.
18. Kacperczyk, M. C. Sialm and L. Zheng On the Industry Concentration of Actively Managed Equity Mutual Funds Journal of Finance 60 (2005 1983 2011.
19. Ke, B. S. Huddart and K. Petroni What Insiders Know About Future Earnings and How They Use It: Evidence From Insider Trades Journal of Accounting & Economics 35 (2003 315 46.
20. Ke, B., and K. Petroni How Informed Are Actively Trading Institutional Investors? Evidence From Their Trading Behavior Before a Break in a String of Consecutive Earnings Increases Journal of Accounting Research 42 (2004 895 927.
21. Ke, B., and S. Ramalingegowda Do Institutional Investors Exploit the Post-Earnings Announcement Drift? Journal of Accounting & Economics 39 (2005 25 53.
22. Li, X. S. Radhakrishnan H. Shin and J. Zhang Regulation FD, Accounting Restatements, and Transient Institutional Investors' Trading Behavior Working paper, University of Texas at Dallas, 2007.
23. Maremont, M. Raising the Stakes: As Wall Street Seeks Pre-IPO Investments, Conflicts May Arise - Are Analysts Compromised When They Say 'Buy' While the Bankers Sell? - Chase H&Q's 7,000% Gain Wall Street Journal (July 24, 2000 A1.
24. National Investor Relations Institute (NIRI) Survey Results on the Impact of SEC Regulation Fair Disclosure Vienna, VA : NIRI, 2001.
25. Opdyke, J. D., and E. Nelson New SEC Rule Turns Analysts' Rite Into a Hectic Affair Wall Street Journal (October 31, 2000 C1.
26. Securities and Exchange Commission (SEC) Final Rule: Selective Disclosure and Insider Trading Release 33-7881. Washington, D.C. : EC, 2000.
27. Topaloglu, S. Institutional Trading Activity Around Earnings Announcements: Evidence on the Effects of Regulation FD Working paper, Queen's University, 2003.
28. Zuckerman, G., and E. Portanger One-on-Ones: Investor Meetings With Executives Surge, Add a Risk of Data Leaks - Brokers Are Avid Matchmakers for Talks That Can Veer Close to Disclosure Limits - How to Please Money Managers Wall Street Journal (August 31, 2004 A1.