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The geography of investor attention
Mengoli, Stefano; Pagano, Marco; Pattitoni, Pierpaolo - 2021
Persistent link: https://www.econbiz.de/10012805509
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The geography of investor attention
Pagano, Marco; Mengoli, Stefano; Pattitoni, Pierpaolo - 2021
Persistent link: https://www.econbiz.de/10012796823
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The geography of investor attention
Mengoli, Stefano; Pagano, Marco; Pattitoni, Pierpaolo - 2021
Retail investors pay over twice as much attention to local companies than non-local ones, based on Google searches. News volume and volatility amplify this attention gap. Attention appears causally related to perceived proximity: first, acquisition by a nonlocal company is associated with less...
Persistent link: https://www.econbiz.de/10012698207
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The geography of investor attention
Mengoli, Stefano; Pagano, Marco; Pattitoni, Pierpaolo - 2021
Persistent link: https://www.econbiz.de/10013171539
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Short-Selling Bans around the World: Evidence from the 2007-09 Crisis
Beber, Alessandro; Pagano, Marco - Tinbergen Instituut - 2010
liquidity, especially for stocks with small market capitalization,high volatility and no listed options; (ii) slowed down price …
Persistent link: https://www.econbiz.de/10011255488
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Short-Selling Bans around the World: Evidence from the 2007-09 Crisis
Beber, Alessandro; Pagano, Marco - Tinbergen Institute - 2010
Most stock exchange regulators around the world reacted to the 2007-2009 crisis by
Persistent link: https://www.econbiz.de/10008679879
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Financial Disclosure and Market Transparency with Costly Information Processing
Di Maggio, Marco; Pagano, Marco - C.E.P.R. Discussion Papers - 2012
We study a model where some investors (“hedgers”) are bad at information processing, while others (“speculators”) have superior information-processing ability and trade purely to exploit it. The disclosure of financial information induces a trade externality: if speculators refrain from...
Persistent link: https://www.econbiz.de/10011083365
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Short-Selling Bans around the World: Evidence from the 2007-09 Crisis
Beber, Alessandro; Pagano, Marco - 2010
liquidity, especially for stocks with small market capitalization,high volatility and no listed options; (ii) slowed down price …
Persistent link: https://www.econbiz.de/10010325910
Cover Image
The geography of investor attention
Mengoli, Stefano; Pagano, Marco; Pattitoni, Pierpaolo - 2021
Retail investors pay over twice as much attention to local companies than non-local ones, based on Google searches. News volume and volatility amplify this attention gap. Attention appears causally related to perceived proximity: first, acquisition by a nonlocal company is associated with less...
Persistent link: https://www.econbiz.de/10012705617
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IPO underpricing and after-market liquidity
Ellul, Andrew; Pagano, Marco - Centro Studi di Economia e Finanza (CSEF) - 2003
concerned by expected liquidity and by the uncertainty about its level when shares start trading on the after-market. The less … liquid shares are expected to be, and the less predictable their liquidity is, the larger will be the amount of "money left … on the table" by the issuer. We present a model that integrates such liquidity concerns within a traditional framework …
Persistent link: https://www.econbiz.de/10005802044