Cheong, Harvey; Kim, Joon Ho; Münkel, Florian; … - In: Journal of financial and quantitative analysis : JFQA 57 (2022) 6, pp. 2095-2139
Material private information transmits through social networks. Using manually collected information on networks of … ownership are more likely to transmit information. Our results are robust to confounding factors and alternative specifications …. These findings highlight the role of social networks as channels of private-information dissemination. …