Pouryousof, Azam; Nassirzadeh, Farzaneh; Hesarzadeh, Reza; … - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-16
The present research investigates the relationship between managers’ disclosure tone and the trading volume of small … and large investors separately. The inconsistency of disclosure tone and abnormal trading volume generally indicates … information asymmetry between managers and investors. However, by separating the abnormal trading volume of minor investors from …