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This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health …
Persistent link: https://www.econbiz.de/10012322650
Das Geschehen auf den Finanzmärkten hängt vom individuellen Verhalten ab, wird aber auch wesentlich bestimmt durch die Ausgestaltung des Finanzsystems, das heisst durch die Rollen, die den einzelnen Akteure zugewiesen werden, und durch die Regeln für die Interaktion der verschiedenen Rollen....
Persistent link: https://www.econbiz.de/10010316833
transfer of ownership is accomplished. This time consuming settlement process exposes arbitrageurs to price risk and imposes … cross-exchange price differences. Settlement through decentralized systems thus induces non-trivial frictions affecting … market efficiency and price formation. …
Persistent link: https://www.econbiz.de/10011950432
The EU Taxonomy is the first standardised and comprehensive classification system for sustainable economic activities. It covers activities responsible for up to 80 percent of EU greenhouse gas emissions and may play an important role in channelling investments into low-carbon technologies by...
Persistent link: https://www.econbiz.de/10012388470
Mit einer Taxonomie für nachhaltige Investitionen schafft die EU-Kommission erstmals einheitliche Kriterien für klimaverträgliche Wirtschaftsaktivitäten. Um das Ziel der Klimaneutralität bis 2050 zu erreichen, soll Unternehmen und Investoren damit Orientierung gegeben werden, welche...
Persistent link: https://www.econbiz.de/10012426594
By developing a taxonomy for sustainable investments, the EU Commission has created the first standardized criteria for climate-friendly economic activities.To achieve the goal of climate neutrality by 2050, firms and investors must be well informed of which investments avoid greenhouse gas...
Persistent link: https://www.econbiz.de/10012426601
which the higher levels of information asymmetry associated with intangible intensity affect the cost of equity. Our results …
Persistent link: https://www.econbiz.de/10013327738
stock picks show substantial short- and long-run price and liquidity gains, although no new information is revealed about …
Persistent link: https://www.econbiz.de/10010283358
corporate governance and accounting. We find other hallmarks of information-based illiquidity: trading volume dropped and price … impact of information asymmetry during the liquidity freeze and market run of October 1907 - one of the most severe financial … and, using a spread decomposition, we identify information risk as the largest component of illiquidity. Information costs …
Persistent link: https://www.econbiz.de/10011522548
of participants holding each one a right to invest can give rise under imperfect information to situations of deviations … take into account when deciding not only their private set of information but also the information released to the market … of dispersion of information in the economy and the effect of the number of participants and their effect into their …
Persistent link: https://www.econbiz.de/10010323102