Hasan, Iftekhar; Shen, Jianfu; Ng, Chi Cheong Allen - In: China Accounting and Finance Review 28 (2025) 1, pp. 27-56
This study examines the institutional demand for mispriced stocks with incongruent expectations implied by the book-to-market (BM) ratio and financial strength.Institutional trading (or institutional demand) is calculated by both changes in institutional ownership (percentage of shares held) and...