COVID-19

Working Paper

27 July 2020

Where Do Institutional Investors Seek Shelter when Disaster Strikes? Evidence from COVID-19

During the COVID-19 market crash, U.S. stocks with higher institutional ownership -- in particular, those held more by active, short-term, and more exposed institutions -- performed worse. Portfolio changes through the first...

Simon Glossner | Pedro Matos | Stefano Ramelli | Alexander Wagner

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