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
Learn more about Dr. Wei on her Faculty page, personal website and Research Explorer page.
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Follow the Money: Investor Trading around Investor-Paid Credit Rating Changes 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 ...
Analyst Recommendations, Mutual Fund Herding, and Overreaction in Stock Prices 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 ...