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This study shows how correlated information consumption (CIC) of retail investors relates to comovement in stock market outcomes. We construct clusters of stocks with CIC by employing network analysis on Google co-search data. We predict significant comovement in returns and liquidity of stocks...
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This study uncovers a unique dividend-tax arbitrage strategy that provides high-bracket investors the opportunity to … present empirical evidence highlighting the activities of arbitrage traders in both stock and warrant markets. These traders … simultaneously sell stocks and buy call warrants before the ex-dividend day and close their arbitrage positions thereafter. Our …
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