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Presentation Slides for 'Limited Attention, Information Disclosure, and Financial Reporting'

Hirshleifer, David A. - 2018

This paper models firms' choices between alternative means of presenting information, and the effects of different presentations on market prices when investors have limited attention and processing power. In a market equilibrium with partially attentive investors, we examine the effects of...

Persistent link: https://www.econbiz.de/10012914356

Attentive Insider Trading

Alldredge, Dallin - 2014

We provide evidence that some profitable insider stock selling is motivated by public information. At firms that disclose having concentrated sales relationships, insiders appear to sell their own stock profitably based on public information about their principal customers. Supplier insiders...

Persistent link: https://www.econbiz.de/10013064638

Portfolio KVA : I Theory

Green, Andrew David - 2015

XVA models for the calculation of CVA, FVA (see for example (Burgard and Kjaer 2013)), KVA(Green, Kenyon, and Dennis 2014), MVA (Green and Kenyon 2014) and TVA (Kenyon and Green 2014a) have frequently been formulated at the counterparty level. However, it is clear that some elements of the...

Persistent link: https://www.econbiz.de/10013031952

Too Complex to Depict? Innovation, 'Pure Information,' and the SEC Disclosure Paradigm

Hu, Henry T. C. - 2014

Persistent link: https://www.econbiz.de/10013065970

Credit Information Sharing and Stock Price Crash Risk : The Role of Information Asymmetry and Bank Regulations

Teeranutranont, Chanon - 2018

This paper attempts to investigate the impact of credit information sharing on bank-specific stock price crash risk. Using a sample of 1,402 listed-banks in 55 countries for the period 2005-2013, we show that credit information sharing through public credit registries is negatively associated...

Persistent link: https://www.econbiz.de/10012926760

Earnings Uncertainty and Attention

Kottimukkalur, Badrinath - 2019

This paper explores the relationship between earnings uncertainty and attention to firm-specific information. I use the percentage of uncertain words in 10-K or 10-Q filings as the primary measure of ex ante earnings uncertainty. I find that, the earnings releases of high uncertainty firms are...

Persistent link: https://www.econbiz.de/10012897347

Investor Attention and FX Market Volatility

Kita, Arben - 2013

We study whether investors' active information acquisition, measured by search volume in Google (SVI), affects the dynamics of currency prices. Significantly correlated with trading activities of major players, SVI has a strong effect on FX market volatility beyond the volatility of...

Persistent link: https://www.econbiz.de/10013091387

Fluctuating Attention and Financial Contagion

Hasler, Michael - 2018

Financial contagion occurs when return and volatility transmit between fundamentally unrelated sectors. Our equilibrium model shows that contagion arises because investors pay fluctuating attention to news. As a negative shock hits one sector, investors pay more attention to it. This raises the...

Persistent link: https://www.econbiz.de/10012937546

The Managerial Perception of Uncertainty and Cost Behavior

Chen, Jason V. - 2020

managerial perception of the overall, price, and demand uncertainty, we provide evidence of a positive and significant … managerial perception of the overall uncertainty exacerbates the degree of cost asymmetry. Our empirical evidence supports the … theoretical argument that the managerial perception of uncertainty and its components influences their resource allocation …

Persistent link: https://www.econbiz.de/10012833286

Limited Attention and M&A Announcements

Reyes, Tomas - 2016

Retail investors' attention to mergers and acquisitions is analyzed using measurements based on Internet search volume indexes for publicly traded companies' ticker symbols supplemented by data from news databases. Attention is found not to be instantaneous upon the public announcement of a...

Persistent link: https://www.econbiz.de/10012998694