Information acquisition and processing skills of institutions and retail investors around information shocks

• Published in: Journal of empirical finance Vol. 77; p. 101495
• Main Authors: Fung, Scott, Obaid, Khaled, Tsai, Shih-Chuan
• Format: Journal Article
• Language: English
• Published: Elsevier B.V 01.06.2024
• Subjects: Information shocks; Investor heterogeneity; Price jumps; Trade imbalance; Information shocks; Price jumps; Trade imbalance; G12; Investor heterogeneity; G15; G14; G19

•We compare the trading skills of institutions and individuals around jumps.•Institutions possess information advantages over individuals.•Domestic institutions generate higher trading profits than foreign institutions.•Foreign institutions’ advantages are consistent across different sources of jump...