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investors and H shares to foreign investors---to compare reactions of local and foreign investors to the same public news. We … find that local investors react more strongly to earnings forecasts by local analysts, while foreign investors react more … strongly to forecasts of foreign analysts. This finding highlights social trust as a force driving people with different social …
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investors and H shares to foreign investors---to compare reactions of local and foreign investors to the same public news. We … find that local investors react more strongly to earnings forecasts by local analysts, while foreign investors react more … strongly to forecasts of foreign analysts. This finding highlights social trust as a force driving people with different social …
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Even though both symmetric and asymmetric conceptions of news impacts are well-established in the disciplines of economics and financial markets, the effects of combining multiple news shocks on the volatility of tourism demand have not yet been delved into or gauged in any tourist destination....
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