Article aims to demonstrate the significant impact of dynamics of the relationship between financial intermediaries on …

.S. commercial banks, testing price pressure, information, feedback trading, and smoothing effects for energy exchange traded funds …, actuarial implications of structural changes in El Niño-Southern Oscillation Index dynamics, credit spreads and bankruptcy … information from options data, QMLE of a standard exponential ACD model: asymptotic distribution and residual correlation, and …

We re-examine the dynamics of returns and dividend growth within the present-value framework of stock prices. We find …

the information absorption by the investors occurs in the evolving learning process about the company’s value, taking to … information absorption capacity by the investors on the IPOs impacts the investor’s investment decisions and serves as a pre … the changing information absorption capacity by the investors on the IPO value. 3. We think that the IPO winning virtuous …

after processing the signal, at the risk that prices already reflect their information. The number of speculators who choose … testable implications for the effects of these variables on (i) the value of information, (ii) patterns in returns and trades …

the speculative term must be orthogonal to public information in real time and therefore statistically distinct from risk … yields. Furthermore, estimates of historical risk premia from the heterogeneous information model are less volatile than, and …

in own beliefs and arrival of new information. The model provides a tractable and clear link for how changing opinions … translate into equilibrium dynamics for price, holdings, and expected profits. I am able to generate a wide range of realistic …