Mengoli, Stefano; Pagano, Marco; Pattitoni, Pierpaolo - 2021
Retail investors pay over twice as much attention to local companies than non-local ones, based on Google searches …. News volume and volatility amplify this attention gap. Attention appears causally related to perceived proximity: first …, acquisition by a nonlocal company is associated with less attention by locals, and more by nonlocals close to the acquirer; second …