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Retail Trading Frenzies by lesliecameronmoore is a document available to read on EtoBox.
What is Retail Trading Frenzies about?
The paper investigates the impact of retail trading frenzies on corporate policies, specifically focusing on equity issuance, investment, and M&A activities. It finds that such frenzies lead to temporary price increases followed by underperformance, with firms often responding by increasing equity issuance and capital expenditures, particularly among lower-performing managers. The findings suggest that these actions may reflect overinvestment rather than genuine value creation, raising concerns about the ef
- Author
- lesliecameronmoore
- Language
- EN