Corporate disclosure quality and institutional investors' holdings during market downturns
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DOI: 10.1016/j.jcorpfin.2019.101523
Abstract: Abstract We examine institutional investors' responses to corporate disclosure quality conditional on market states. Transient institutions react more positively to corporate disclosure quality during market downturns than during normal market periods, as better disclosure practices… read more here.
Keywords: disclosure; corporate disclosure; market downturns; market ... See more keywords