and are widely diversified, dedicated institution do
not trade much and have more concentrated holdings, and transient
institutions often trade and have diversified holdings (see Aghion et
al. (2013) and Bushee (1998)).
</p>


<h3>Source</h3>

<p>Data and online appendix of Aghion et al. (2013).
</p>


<h3>References</h3>

<p>Aghion P, Van Reenen J, Zingales L (2013).
&ldquo;Innovation and Institutional Ownership.&rdquo;
<em>The American Economic Review</em>, <b>103</b>(1), 277&ndash;304.
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