of asymmetric and biased information. The evidence is incompatible with the use of collateral as a signal of projects …

the change in information uncertainty is negatively related to acquirer long-term stock performance, after controlling for … investigate whether the change in the acquirer's information uncertainty contributes to acquirer wealth losses. Information … acquisitions lead to increases in information uncertainty, as proxied by analysts' earnings forecast dispersion. We also find that …

We examine the information benefits of R&D capitalization in the UK after the adoption of IFRS (which mandates … capitalization of development costs). Using the successful efforts model of Healy et al (2002), we examine whether information … market could deduce the unrecognized capitalization information under expensing, by examining the market's pricing of pro …

, 1997; and Varian, 1989) show that information-based trading is a consequence of four fundamental determinants …

receive, their beliefs may further diverge after they receive the same piece of information. We test this prediction using …

Activist short-sellers could play an information role in capital markets by disclosing informative short-theses, or, as … investors tend to have low-precision information and thus give short-theses higher weight in their investing decisions. I find … information role does not imply the non-existence of potential manipulation – I find that opaque targets witness more dramatic …

We develop a measure of how information events impact investors' expectations of risk. The measure is broadly … simultaneously conveys information on the announcer's expected future cash flows and risk profile. We empirically implement the … simple changes in option-implied volatilities to study information gleaned from earnings announcements. Finally, we apply our …

Drawing on actor-network theory, this study examines the role of financial and non-financial information in the …