The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Thy Neighbor's Portfolio: Word‐of‐Mouth Effects in the Holdings and Trades of Money Managers
Abstract
A mutual fund manager is more likely to buy (or sell) a particular stock in any quarter if other managers in the same city are buying (or selling) that same stock. This pattern shows up even when the fund manager and the stock in question are located far apart, so it is distinct from anything having to do with local preference. The evidence can be interpreted in terms of an epidemic model in which investors spread information about stocks to one another by word of mouth.
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Citations
Cites
Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency
JEGADEESH, N., & TITMAN, S. (1993) · The Journal of Finance · doi:10.1111/j.1540-6261.1993.tb04702.x · Cited by 11,584
On the impossibility of informationally efficient markets
Stiglitz, J. E., & Grossman, S. J. (1980) · Columbia University · doi:10.7916/d8765r99 · Cited by 3,645
Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization
Chen, J., Hong, H., Huang, M., & Kubik, J. D. (2004) · American Economic Review · doi:10.1257/0002828043052277 · Cited by 1,430
Self-citation
Cited by
Red and blue investing: Values and finance
Hong, H., & Kostovetsky, L. (2012) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.01.006 · Cited by 749
Self-citation(2014) · Econometrica · doi:10.3982/ecta11991 · Cited by 586
Is Unbiased Financial Advice to Retail Investors Sufficient? Answers from a Large Field Study
Bhattacharya, U., Hackethal, A., Kaesler, S., Loos, B., & Meyer, S. (2012) · Review of Financial Studies · doi:10.1093/rfs/hhr127 · Cited by 383
Institutional investor cliques and governance
Crane, A. D., Koch, A., & Michenaud, S. (2019) · Journal of Financial Economics · doi:10.1016/j.jfineco.2018.11.012 · Cited by 214
Investment Literacy and Individual Investor Biases: Survey Evidence in the Japanese Stock Market
Takeda, K., Takemura, T., & Kozu, T. (2013) · The Review of Socionetwork Strategies · doi:10.1007/s12626-012-0031-z · Cited by 52
Metadata
- Authors
- HONG, H., KUBIK, J. D., & STEIN, J. C.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2005-11-10
- Volume
- 60
- Issue
- 6
- Pages
- 2801-2824
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W2890848123
- Cited by
- 930
- References
- 3
- FWCI
- 41.46
- Type
- journal article
- Language
- en
- Open access
- closed
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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.
