different states of the economy. Uninformed investors attempt to extract that information from asset prices, but full revelation … assets reveal information about the risk factor only if they help span the exposure of probabilities of states to the risk …

-based information, our results indicate that regulatory simplicity may be preferred to the complexity of risk-weighted capital ratios …

. We employ intra-daily data and recent advances in econometric theory to obtain daily firm-level estimates of beta for all … announcements with greater information content and higher ex-ante uncertainty. We also find important differences in the behavior of … profitability of a given firm by using information on other firms. …

-stock reversal trading strat- egy exploiting information in these connections. We show that the typical long/short hedge fund …

We examine whether the information contained in social media (Twitter & Facebook) and web search queries (Google … provide significant short-run information primarily for the Greek-German government bond yield differential even when other …

and uncertain transaction process, and the potentially negative information signaled via the price of traded rights. In …

We propose a theory of supervision with endogenous transaction costs. A principal delegates part of his authority to a … supervisor who can acquire soft information about an agent's productivity. If the supervisor were risk-neutral, the principal … optimal contract trades-off the supervisor's incentives to reveal his information with an insurance motive. This contract can …