Heard On The Green: Sociability, Golf Courses, And The Performance Of Institutional Investors

Heard On The Green: Sociability, Golf Courses, And The Performance Of Institutional Investors

Chishen Wei

Nanyang Technological University (NTU) - Division of Banking & Finance

Lei Zhang

Nanyang Technological University (NTU)

July 31, 2015

Abstract:

We hypothesize that golf courses act as important venues for investors to build social connections and gather investment information. We find systematic evidence that institutional investors located near prestigious golf courses earn...

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