In this paper we develop the rst estimator of the covariance matrix that relies solely onforward-looking information …. This estimator only uses price information from a cross-sectionof plain-vanilla options. In an out-of-sample study for US … according to the 1/N rule. The outperformance is strong in periodsof high information asymmetry, whereas in quiet periods all …

-verifiable information. We compare long-term contracts with short-term contracts with respect to their suitability to motivate effort in both … determinants of this trade-off and demonstrate itsimplications for performance measurement and information system design. …

This article investigates the impacts of asymmetric information within a Lucas (1978) asset pricing economy. Asymmetry … enters via the assumption that one group of agents is equipped with superior information about the dividend process.(...) …

wealth effect of cash reserve is stronger in thehot equity market period when aggregate information asymmetry is arguably …

Applying the framework of conditional event studies shows that equity issues reveal managers‟private information about …) announcement date. Negative abnormal returnsoccur as prices fully impound the information over a 17-month post-offer period. SEOs …

Interessenskonflikten in Vertragsbeziehungen bei asymmetrischer Information resultieren. Esexistiert eine große Vielfalt unterschiedlicher …