Other people's money: A comparison of institutional investors

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buir.contributor.authorOmole, John
buir.contributor.authorSensoy, Ahmet
buir.contributor.authorOzdamar, Melisa
buir.contributor.orcidOmole, John|0000-0002-6135-9039
buir.contributor.orcidAhmet Sensoy|0000-0001-7967-5171
buir.contributor.orcidOzdamar, Melisa|0000-0002-2718-6066
dc.citation.epage100914-26en_US
dc.citation.spage100914-1en_US
dc.citation.volumeNumber53en_US
dc.contributor.authorEraslan, V.
dc.contributor.authorOmole, John
dc.contributor.authorSensoy, Ahmet
dc.contributor.authorOzdamar, Melisa
dc.date.accessioned2023-02-17T13:16:58Z
dc.date.available2023-02-17T13:16:58Z
dc.date.issued2022-12
dc.departmentDepartment of Managementen_US
dc.description.abstractUsing unique equity ownership data, we investigate the stock picking preferences and return forecasting performances of institutional investors that manage their own money against those that manage others’. We reveal that these investors’ preferences significantly differ in historical patterns, liquidity and prudence when picking stocks. In particular, ‘own money managers’ display a risk-seeking behaviour whereas “others’ money managers” exhibit risk-averse characteristics. However, our results indicate that both types of investors are well informed, albeit own money managers excel in the short-term while others’ money managers are successful in the long-term.en_US
dc.description.provenanceSubmitted by Bilge Kat (bilgekat@bilkent.edu.tr) on 2023-02-17T13:16:58Z No. of bitstreams: 1 Other_people's_money_a_comparison_of_institutional_investors.pdf: 1011222 bytes, checksum: 593c7322e23926fb77dc66c281845104 (MD5)en
dc.description.provenanceMade available in DSpace on 2023-02-17T13:16:58Z (GMT). No. of bitstreams: 1 Other_people's_money_a_comparison_of_institutional_investors.pdf: 1011222 bytes, checksum: 593c7322e23926fb77dc66c281845104 (MD5) Previous issue date: 2022-12en
dc.identifier.doi10.1016/j.ememar.2022.100914en_US
dc.identifier.eissn1873-6173
dc.identifier.issn1566-0141
dc.identifier.urihttp://hdl.handle.net/11693/111531
dc.language.isoEnglishen_US
dc.publisherElsevieren_US
dc.relation.isversionofhttps://doi.org/10.1016/j.ememar.2022.100914en_US
dc.source.titleEmerging Markets Reviewen_US
dc.subjectInformed tradingen_US
dc.subjectInstitutional investorsen_US
dc.subjectProprietary tradingen_US
dc.subjectRisk preferenceen_US
dc.titleOther people's money: A comparison of institutional investorsen_US
dc.typeArticleen_US

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