investors contribute to price efficiency by the speedy interpretation of public information …

equity returns once complemented with relevant information about oil supply and global economic activity. Using a structural …

In an environment where capital market participants collectively possess superior information about a decision faced by … information to the manager through stock price. We do so in a setting in which an inherent conflict exists between pricing that … communicates information to the manager and pricing that accurately values the firm given the manager's optimal response to the …

We define the concept of Information Quality (InfoQ) as the potential of a dataset to achieve a specific (scientific or …

(ICWs) make suboptimal acquisition decisions based on poor quality information generated by their ineffective controls over …

We document a little-known source of information exploited by sophisticated institutional investors: the Freedom of … Information Act (FOIA), a law that allows for the disclosure of previously unreleased information by the U.S. Government. Through … FOIA requests, we identify several sophisticated institutional investors, chiefly hedge funds, that request information …

recapitalizations. A substitution of debt for equity in the firm's capital structure concentrates private information in the remaining …

testing the role of private information in corporate finance …