Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10011281881
Persistent link: https://www.econbiz.de/10008771277
Persistent link: https://www.econbiz.de/10009612800
Persistent link: https://www.econbiz.de/10001497686
This paper documents novel evidence that private debt contains value-relevant nonpublic information with significant economic value. We extract banks' private information from term loan spreads. Abnormal loan spreads significantly predict firms' future operating performance and uncertainty...
Persistent link: https://www.econbiz.de/10012839812
We construct a measure of abnormal relative attention (ARA), reflecting unusual changes in attention paid to a stock by local relative to non-local investors, to measure local information advantages. An increase in this measure predicts higher returns in the short term. This predictive power is...
Persistent link: https://www.econbiz.de/10013005876