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Cited by 793

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

The Behavior of Stock Prices Around Institutional Trades

Open access
CHAN, LOUIS K. C., LAKONISHOK, JOSEF·1995·The Journal of Finance
DOI 10.1111/j.1540-6261.1995.tb04053.x
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Abstract

All trades executed by 37 large investment management firms from July 1986 to December 1988 are used to study the price impact and execution cost of the entire sequence (“package”) of trades that we interpret as an order. We find that market impact and trading cost are related to firm capitalization, relative package size, and, most importantly, to the identity of the management firm behind the trade. Money managers with high demands for immediacy tend to be associated with larger market impact.

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Crossref · 10.1111/j.1540-6261.1995.tb04053.x

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Metadata

Authors
CHAN, L. K. C., & LAKONISHOK, J.
Venue
The Journal of Finance
Publisher
Wiley
Published
1995-09
Volume
50
Issue
4
Pages
1147-1174
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.1995.tb04053.x
OpenAlex
W1992426919
Cited by
793
References
1
FWCI
19.52
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: The Behavior of Stock Prices Around Institutional Trades. https://app.cochat.ai/papers/10.1111/j.1540-6261.1995.tb04053.x
The paper
CHAN, L. K. C., & LAKONISHOK, J. (1995). The Behavior of Stock Prices Around Institutional Trades. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.1995.tb04053.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.