Balsara, Nauzer; Zheng, Lin; Vidozzi, Andrea; Vidozzi, Luca - In: Journal of Economics and Finance 30 (2006) 3, pp. 407-422
We show that information diffusion is a function of its dissemination and assimilation. Whereas dissemniation is a function of observable factors such as volume and price volatility, assimilation is dependent on unobservable factors such as the usefulness and reliability of information. We find...