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Cited by 445

The DOI matches its Crossref record; 72 of the 72 references it cites were found in a registry or an index.

The Interim Trading Skills of Institutional Investors

Open access
PUCKETT, ANDY, YAN, XUEMIN (STERLING)·2011·The Journal of Finance
DOI 10.1111/j.1540-6261.2010.01643.x
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Abstract

Using a large proprietary database of institutional trades, this paper examines the interim (intraquarter) trading skills of institutional investors. We find strong evidence that institutional investors earn significant abnormal returns on their trades within the trading quarter and that interim trading performance is persistent. After transactions costs, our estimates suggest that interim trading skills contribute between 20 and 26 basis points per year to the average fund's abnormal performance. Our findings also indicate that any trading skills documented by previous studies that use quarterly data are biased downwards because of their inability to account for interim trades.

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Crossref · 10.1111/j.1540-6261.2010.01643.x

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Metadata

Authors
PUCKETT, A., & YAN, X. (.
Venue
The Journal of Finance
Publisher
Wiley
Published
2011-03-21
Volume
66
Issue
2
Pages
601-633
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2010.01643.x
OpenAlex
W3123027396
Cited by
445
References
72
FWCI
61.11
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: The Interim Trading Skills of Institutional Investors. https://app.cochat.ai/papers/10.1111/j.1540-6261.2010.01643.x
The paper
PUCKETT, A., & YAN, X. (. (2011). The Interim Trading Skills of Institutional Investors. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2010.01643.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.