widely agreed that asymmetric timely earnings increase the contractual efficiency of accounting information, I first test … whether firms with more asymmetric timely earnings produce more valuation-useful financial accounting information. Second, I … information. As non-equity stakeholders in general face higher transaction costs when diversifying unsystematic risk compared to …

No voters cast their votes based on perfect information, but richer voters are on average best informed. We develop a … there is a strong correlation between income and political information, Congress representatives vote more conservatively …

Material private information transmits through social networks. Using manually collected information on networks of … ownership are more likely to transmit information. Our results are robust to confounding factors and alternative specifications …. These findings highlight the role of social networks as channels of private information dissemination …

implications for current discussions on whether preferential information distribution by firms and information intermediaries …

information compromise inter-dealer market liquidity. Post-trade information disclosure can improve market liquidity by …-monotonic relationship may arise between the partial release of post-trade information and market liquidity. This points to a practical … concern: a strategic post-trade platform has incentives to maximize adverse selection and may choose to release information in …

information. Using a newly available dataset with high-frequency short sales data, we find evidence of significant increases in … explanations that the increase in short sales is driven by public information, either about the firm or about the impending insider … information …