TY - GEN 
AU - Sushant, Acharya
AU - Pedraza, Alvaro
PY - 5
SN - 1059-0560
UR - http://hdl.handle.net/10818/52240
AB - We estimate the effects of peer benchmarking by institutional investors on asset prices. To identify trades purely due to peer benchmarking as separate from those based on fundamentals or private information, we exploit a natural experiment involving...
AB - Estimamos los efectos de la evaluacion comparativa entre pares por parte de inversores institucionales en los precios de los activos. Para identificar las operaciones que se deben puramente a la evaluacion comparativa entre pares como separadas de las...
LA - eng
PB - FRB of New York Staff Report
KW - Herding
KW - Institutional investors
KW - Asset prices
KW - Co-movement
TI - Asset Price Effects of Peer Benchmarking: Evidence from a Natural Experiment
DO - 10.2139/ssrn.2602278
ER -