Wei, Kelsey D.
Kelsey Wei serves as an Assistant Professor of Finance and Managerial Economics. Her current research involves:
- Mutual fund performance and flow
- Institutional investors
- Mergers and acquisitions
- Foreign exchange exposure
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Using institutional equity trading data, we find that a set of small institutional investors consistently follow credit ratings issued by an investor-paid rating agency in their trading decisions. Although rating information ...
This paper documents that mutual funds "herd" (trade together) into stocks with consensus sell-side analyst upgrades, and herd out of stocks with consensus downgrades. This influence of analyst recommendation changes on ...