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DTSTAMP:20250811T223525Z
DESCRIPTION:Sheridan Titman\n\nUniversity of Texas at Austin\n\nInformation
  Transmission in Dealer Markets:\n	Evidence from China Block Trades\n\nDate
 : Friday\, September 27\, 2024\n	Time: 10:30-11:45 am\n	Location: Bronfman B
 ldg. (1001 Sherbrooke St. West)\, Room 340\n\nAll are cordially invited to
  attend.\n\nAbstract:\n\nUsing proprietary account data on block trades fr
 om the Shanghai Stock Exchange\, we study how dealers intermediate large s
 ales. We find that dealers require larger discounts and liquidate their po
 sitions in the secondary market more quickly when the seller is an insider
 . Our evidence suggests that dealers acquire private information in the pr
 ocess of negotiating block sales\, which they exploit when the shares are 
 subsequently sold on the exchange. Notably\, insider blocks are unwound mo
 re quickly than non-insider blocks and sell the shares faster\, primarily 
 to small retail investors\, when future stock returns are less favorable.
 \n
DTSTART:20240927T143000Z
DTEND:20240927T154500Z
LOCATION:Room 340\, Bronfman Building\, CA\, QC\, Montreal\, H3A 1G5\, 1001
  rue Sherbrooke Ouest
SUMMARY:Desmarais Global Finance Research Centre (DGFRC) Seminar: Sheridan 
 Titman
URL:/desautels/channels/event/desmarais-global-finance
 -research-centre-dgfrc-seminar-sheridan-titman-359842
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