Pouryousof, Azam; Nassirzadeh, Farzaneh; Hesarzadeh, Reza; … - In: Journal of Risk and Financial Management 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,...
