TAXI! Do Mutual Funds Pursue and Exploit Information on Local Companies?

We use New York City (NYC) taxi data to identify trips between mutual fund offices and local firm headquarters. NYC funds overweight the stocks of local firms they visit via taxi, and firm visits are associated with superior investment performance. Firm visits are elevated prior to earnings announce...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of financial and quantitative analysis 2024-11, Vol.59 (7), p.3340-3375
Hauptverfasser:	Cicero, David C., Puckett, Andy, Wang, Albert Y., Zhang, Shen
Format:	Artikel
Sprache:	eng
Schlagworte:	Abnormal returns Earnings Head offices Institutional investments Investment advisors Investors Mutual funds Obesity Public companies Regulation Stock prices Taxicabs Visits
Online-Zugang:	Volltext
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