Lehnert, Thorsten - International Institute of Social and Economic Sciences - 2014
information into asset prices. Bayesian rationality is assumed to be a good description of investor behavior (Fama (1965, 1970 … prices. Hence, stock market returns in countries characterized by a low degree of press freedom are likely to be less … contribution of jump risk to stock market volatility is not affected by any of our country- and market-specific explanatory …