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Article Dans Une Revue Revue Economique Année : 2020

INSTITUTIONAL INVESTORS' ATTENTION AND FRENCH STOCKS' LIQUIDITY

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Résumé

This article is the first to examine the daily influence of institutional investors' attention (IIA) on stock market liquidity. To do this, a sample composed of 87 French stocks from 2010 to 2018 is mobilized. In an original way, the IIA is estimated from the number of times that Bloomberg terminal users, who are mostly institutional investors, search for a particular company and read news articles about a specific firm. The empirical results indicate that the IIA exerts a strong positive effect on the liquidity of French stocks.
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Dates et versions

hal-03688866 , version 1 (06-06-2022)

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  • HAL Id : hal-03688866 , version 1

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Imane El Ouadghiri, Jonathan Peillex. INSTITUTIONAL INVESTORS' ATTENTION AND FRENCH STOCKS' LIQUIDITY. Revue Economique, 2020, 71 (5), pp.841-863. ⟨hal-03688866⟩
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