Trauten, Andreas (contributor); Langer, Thomas (contributor) - 2007
end of the
lock-up period (Aggarwal, Krigman and Womack 2002) and management compensation
schemes tied to the stock … to
the firm as well as to investors.
2
However, it is common knowledge that the firm is of good
quality with … noise in
investors’ information. Hence, a firm behaves as if it were a good quality firm irrespective of its knowledge …