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Does transparency harm block traders? In 2004, Securities and Exchange Board of India (SEBI) mandated the disclosure of trades accumulating to more than 0.5% of existing float in a single day. Using unique transaction-level database from the National Stock Exchange (NSE) in India, we present...
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investors' adversarial coordination and to the firm's agency, and remains optimal even if the firm can circumvent regulation and …
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regulation. Analyst forecast accuracy also improved in these firms, consistent with reduced mispricing being due to an improved …
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