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Institutional Investor Distraction and Investment Efficiency
This paper examines the causal impact of institutional investor distraction on investment efficiency. Exploiting exogenous changes in shareholder attention following the extreme returns of unrelate...
期刊介绍：
Emerging Markets Finance and Trade publishes research papers on financial and economic aspects of emerging economies. The journal features contributions that are policy oriented and interdisciplinary, employing sound econometric methods, using macro, micro, financial, institutional, and political economy data. Geographical coverage includes emerging market economies of Europe, the Balkans, the Middle East, Asia, Africa, and Latin America. Additionally, the journal will publish thematic issues and occasional special issues featuring selected research papers from major conferences worldwide.
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