Attention des investisseurs institutionnels et liquidité des titres boursiers français

Imane El Ouadghiri and Jonathan Peillex

Revue économique, 2020, vol. 71, issue 5, 841-863

Abstract: This article is the first to examine the daily influence of institutional investors? attention (IIA) on stock market liquidity. To do this, a sample composed of 87 French stocks from 2010 to 2018 is mobilized. In an original way, the IIA is estimated from the number of times that Bloomberg terminal users, who are mostly institutional investors, search for a particular company and read news articles about a specific firm. The empirical results indicate that the IIA exerts a strong positive effect on the liquidity of French stocks.

Keywords: investors’ attention; institutional investors; liquidity; the French stock market (search for similar items in EconPapers)
Date: 2020
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