The performance of analysts’ forecasts has attracted increasing attention in recent years. However, as yet, no …

We evaluate the impact of complexity and content of new information on stock return volatility dynamics around 10-K … of complexity and content of new information on asset prices …

preannouncement returns. Results suggest informed trading by option traders stimulates preemption of the information content of …

We examine the information transmission role of stock recommendation revisions by sell-side security analysts …. However, the revisions are usually information-free for investors. The findings go against the long-standing view that … recommendations are an important means by which analysts assimilate information into stock prices. They disagree with the view of …

informed traders who possess superior information to process news from firm disclosures (Kyle 1985; Admati and Pfleiderer 1988 … consistent with predictions by Kim and Verrecchia (1994) that additional information created by informed traders makes stock …

influences shareholder information acquisition and processing costs. Longer 10-K filings reduce information acquisition costs by … making more information about the target available to the shareholder, but may increase information processing costs by … increasing the difficulty of extracting that information. Which effect dominates ultimately determines the association between 10 …

the more positive aspects of performance, our empirical results indicate that income-increasing non-GAAP reporting …

agents sheepishly following the actions of others, but such actions can be rational under asymmetric information and …