Eden, Benjamin; Loewenstein, Uri - In: Review of Quantitative Finance and Accounting 13 (1999) 1, pp. 63-82
The objective of this paper is to reexamine the effects of the timing of information releases on security prices. We extend Ross (1989) by allowing the timing of information releases to affect the martingale probabilities. We show that if the early release of information is expected to resolve...
