How Wise Are Crowds? Insights from Retail Orders and Stock Returns

Material TypeArticleLanguageEnglish
TitleHow Wise Are Crowds? Insights from Retail Orders and Stock Returns Author(S)ERIC K KELLEY (Author)
Abstract  We analyze the role of retail investors in stock pricing using a database uniquely suited for this purpose. The data allow us to address selection bias concerns and to separately examine aggressive (market) and passive (limit) orders. ...Paginationp1229-1266
SubjectEconomicsDescriptorsFinance
Journal TitleThe Journal of Finance  
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