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Aggregation of endogenous information in large elections

Oliveros, Santiago - 2013

Persistent link: https://www.econbiz.de/10010234264

How are Shorts Informed? Short Sellers, News, and Information Processing

Engelberg, Joseph - 2012

We find that a substantial portion of short sellers' trading advantage comes from their ability to analyze publicly available information. Using a database of short sales combined with a database of news releases, we show that the well-documented negative relation between short sales and future...

Persistent link: https://www.econbiz.de/10013116310

How are Shorts Informed? Short Sellers, News, and Information Processing

Engelberg, Joseph - 2012

Persistent link: https://www.econbiz.de/10013116480

How are Shorts Informed? Short Sellers, News, and Information Processing

Engelberg, Joseph - 2012

Persistent link: https://www.econbiz.de/10013099621

Prime (Information) Brokerage

Kumar, Nitish - 2019

We show that hedge funds gain an information advantage from their prime broker banks regarding the banks' corporate borrowers. The connected hedge funds make abnormally large trades in the stocks of borrowing firms prior to loan announcements, and these trades outperform other trades. The...

Persistent link: https://www.econbiz.de/10012901619

Information Revelation in Decentralized Markets

Hagströmer, Björn - 2019

-network theory. To do so we construct an empirical map of information revelation where two dealers are connected based on the … synchronicity of their quote changes. The tests, based on EUR/CHF quote data including the 2015 crash, largely support theory …

Persistent link: https://www.econbiz.de/10012903387

Informativeness of Discretionary Disclosures of Goodwill Slack

Jenkins, Nicole Thorne - 2016

Recently, the SEC's Division of Corporation Finance (CorpFin) has added an additional guidance to its Financial Reporting Manual (FRM) with respect to the disclosure for goodwill. For firms at a risk of failing the step one of goodwill impairment test, this guidance recommends that firms...

Persistent link: https://www.econbiz.de/10013004170

Do Investors Over-respond to Public Information?

Hwang, Soosung - 2020

Yes. By observing return reversals following unexpected responses to noisy public signals about market-wide common factors, we show that investors in the US equity market tend to over-respond to public signals for mature firms that are relatively easy to price—old, large, and dividend-paying...

Persistent link: https://www.econbiz.de/10012855495

Cheap Talk with Correlated Information

Chand, A.K.S. - 2016

We consider a situation where a decision maker gathers information from two or more imperfectly informed experts … experts correlation unambiguously tightens the conditions on preferences for a truth-telling equilibrium. However, with … multiple experts the effect of correlation on the incentives to report information truthfully is non-monotonic. In particular …

Persistent link: https://www.econbiz.de/10012987832

Advice Is Cheap : Information Is Not!

Häfner, Samuel - 2018

An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the state of a project prior to investing in it. For a given level of investment, a good project succeeds with higher probability than a bad one. The entrepreneur makes an upfront...

Persistent link: https://www.econbiz.de/10012932515