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selectively emphasizing information that is favorable to their firm's financial status. In this two-experiment study, we examine …
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We employ a quasi-natural experiment to examine the effect of investor inattention on firms' voluntary disclosure …
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Using detailed data of individual investors, this study shows that, on average, individuals invest more in firms with clear and concise financial disclosures. The results indicate this relation is less pronounced for high frequency trading and financially-literate individuals. The study also...
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