Showing 1 - 10 of 86
Persistent link: https://www.econbiz.de/10001711967
Persistent link: https://www.econbiz.de/10002050353
We study how sophisticated investors, when faced with changes in information environment, adjust their information acquisition and trading behavior, and how these changes in turn affect market efficiency. We find that, after exogenous reductions of analyst coverage due to closures of brokerage...
Persistent link: https://www.econbiz.de/10012920367
Persistent link: https://www.econbiz.de/10009492527
Persistent link: https://www.econbiz.de/10009306536
Persistent link: https://www.econbiz.de/10009267259
Persistent link: https://www.econbiz.de/10009615664
The Granger causality procedure is used to assess the dynamics of market efficiency of 17 international stock indices. These indices are based on relatively smaller firms. The reference of market efficiency is a stock index, from the same economy, which is based on relatively larger firms. There...
Persistent link: https://www.econbiz.de/10010470565
Persistent link: https://www.econbiz.de/10003370858
Persistent link: https://www.econbiz.de/10003759569