The Influence of Long-Term and Short-Term Institutional Investors on Complicated Mispricing of Stocks

Table 2

Group descriptive statistics.

Variable	(1)	(2)	(3)	(4)
	ispLIO1 = 1	ispLIO2 = 1	ispSIO1 = 1	ispSIO2 = 1
pINST	0.208	0.210	0.215	0.216
INSThhi	0.112	0.112	0.0720	0.0730
lnTA	22.61	22.61	21.84	21.86
Z_Score	1.306	1.320	1.403	1.401
Lev	0.104	0.104	0.0720	0.0730
CFdisp	0.121	0.124	0.665	0.579
NumEst	21.54	21.72	22.00	21.47
absDisAcc	0.0710	0.0730	0.0820	0.0790