non-public information. However, the question of whether politicians made informed trades at the market level (using non …-public macroeconomic information, not just firm-specific information) in the first place and whether they continued to do so even after the … market returns. Our results imply that politicians used non-public macroeconomic information prior to the STOCK Act, and this …

This study analyzes the impact of the information environment (IE) and credit default swap (CDS) transaction costs on … information transmission between the stock and CDS markets. Using the daily regression analysis on the Korean firm's stock and CDS … sensitive total information flow from the stock market to the CDS market. Companies with lower transaction costs in the CDS …

Order flow toxicity is a measure of a trader's exposure to the risk that counter-parties possess private information or …

The relationship between the level of stock market volatility and public information flow is non-linear, resembling a … bell-shaped function. Medium levels of information flow generate heightened volatility, whereas weak and strong information … measure of daily macroeconomic news flow. We also device a test for model specification. States of medium information flow are …