Sankaraguruswamy, Srinivasan; Shen, Jianfeng; Yamada, … - In: Journal of Banking & Finance 37 (2013) 11, pp. 4134-4143
This paper shows that the degree of information asymmetry is lower for firms with more frequent news releases. The relation holds for various measures of information asymmetry such as the probability of information-based trading (PIN), permanent price impact, and adverse selection component of...
