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Cited by 367

The DOI matches its Crossref record; 54 of the 54 references it cites were found in a registry or an index.

Connected Stocks

ANTÓN, MIGUEL, POLK, CHRISTOPHER·2014·The Journal of Finance
DOI 10.1111/jofi.12149
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Abstract

We connect stocks through their common active mutual fund owners. We show that the degree of shared ownership forecasts cross‐sectional variation in return correlation, controlling for exposure to systematic return factors, style and sector similarity, and many other pair characteristics. We argue that shared ownership causes this excess comovement based on evidence from a natural experiment—the 2003 mutual fund trading scandal. These results motivate a novel cross‐stock‐reversal trading strategy exploiting information contained in ownership connections. We show that long‐short hedge fund index returns covary negatively with this strategy, suggesting these funds may exacerbate this excess comovement.

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Crossref · 10.1111/jofi.12149

Cites

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Metadata

Authors
ANTÓN, M., & POLK, C.
Venue
The Journal of Finance
Publisher
Wiley
Published
2014-05-08
Volume
69
Issue
3
Pages
1099-1127
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/jofi.12149
OpenAlex
W2332262482
Cited by
367
References
54
FWCI
38.10
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Connected Stocks. https://app.cochat.ai/papers/10.1111/jofi.12149
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ANTÓN, M., & POLK, C. (2014). Connected Stocks. The Journal of Finance. https://doi.org/10.1111/jofi.12149

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.