TITLE

Institutional Preferences: Evidence from the Jordanian Stock Market

AUTHOR(S)
Al-Amarneh, Asmaa; Al-Kilani, Qais; Kaddumi, Thair
PUB. DATE
October 2011
SOURCE
International Journal of Economics & Finance;Oct2011, Vol. 3 Issue 5, p97
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This paper provides evidence that institutional investors show preferences for large capitalization stocks, with good financial performance, high degree of leverage, low trade frequency, low annual return, and low price to book value ratio. Dividend Yield and stock volatility as measured by the standard deviations of daily prices do not seem to play an important role in institutional choice. The prudent man rule and fiduciary responsibilities of institutional managers might be good reasons to explain our findings.
ACCESSION #
69968848

Tags: CORPORATIONS -- Finance;  INSTITUTIONAL investors;  FINANCIAL leverage;  FIDUCIARY responsibility;  INSTITUTIONAL ownership (Stocks);  DIVIDEND yield;  STANDARD deviations

 

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