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Information use in institutional investor organizations

Author

Listed:
  • Hellman, Niclas

    (Department of accounting and managerial finance)

Abstract

This paper describes the results of an empirical study of information use in eight institutional investor organizations during their equity investment decision processes. The study differs from prior studies in that it is based on real-world investment decisions and uses an inductive analysis approach. The paper reports empirical results concerning institutional investors’ information collection behaviour and their forming of expectations. The paper also reports empirical results regarding the impact of different types of information (financial reports, public management information, press releases, macro-economic and industry-specific information, information about competitors, customers and suppliers) on institutional investor expectations.

Suggested Citation

  • Hellman, Niclas, 2002. "Information use in institutional investor organizations," SSE/EFI Working Paper Series in Business Administration 2002:19, Stockholm School of Economics.
    • Handle: RePEc:hhb:hastba:2002_019
    as

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    References listed on IDEAS

    as
    1. Lucia S Chang & Kenneth S Most & Carlos W Brain, 1983. "The Utility of Annual Reports: An International Study," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 14(1), pages 63-84, March.
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    3. J. B. Holland & P. Doran, 1998. "Financial institutions, private acquisition of corporate information, and fund management," The European Journal of Finance, Taylor & Francis Journals, vol. 4(2), pages 129-155.
    4. Bouwman, Marinus J. & Frishkoff, Patricia A. & Frishkoff, Paul, 1987. "How do financial analysts make decisions? A process model of the investment screening decision," Accounting, Organizations and Society, Elsevier, vol. 12(1), pages 1-29, January.
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