Daniel, Kent (contributor); Hirshleifer, David (contributor) - 2001 - [Elektronische Ressource]
and Policy Implications
Kent Daniela, David Hirshleifer∗,b, and Siew Hong Teohb
aKellogg School of Management …), Tesar and Werner (1995).
6
is not based on superior inside knowledge of their own firm.
Individual investors exhibit loss … ingrati-
ate themselves with management to maintain access to information (e.g. Lim (2001)),
to benefit the corporate finance …