메뉴 건너뛰기




Volumn 60, Issue 3, 2004, Pages 79-89

Effect of Regulation FD on asymmetric information

Author keywords

[No Author keywords available]

Indexed keywords


EID: 3042767975     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v60.n3.2623     Document Type: Review
Times cited : (16)

References (34)
  • 1
    • 0013503271 scopus 로고    scopus 로고
    • Who is afraid of regulation FD? The behavior of sell-side analysts following the SEC's fair disclosure rules
    • University of Alabama
    • Agrawal, A., and S. Chadha. 2002. "Who Is Afraid of Regulation FD? The Behavior of Sell-Side Analysts Following the SEC's Fair Disclosure Rules." Working paper, University of Alabama.
    • (2002) Working Paper
    • Agrawal, A.1    Chadha, S.2
  • 2
    • 49149144829 scopus 로고
    • Dealership market: Market-making with inventory
    • Amihud, Y., and H. Mendelson. 1980. "Dealership Market: Market-Making with Inventory." Journal of Financial Economics, vol. 8, no. 1:31-53.
    • (1980) Journal of Financial Economics , vol.8 , Issue.1 , pp. 31-53
    • Amihud, Y.1    Mendelson, H.2
  • 3
    • 0002060057 scopus 로고
    • The only game in town
    • [Jack Treynor]
    • Bagehot, W. [Jack Treynor]. 1971. "The Only Game In Town." Financial Analysts Journal, vol. 27, no. 2 (March/April):12-14, 22. [This article was reprinted under the author's name in the Financial Analysts Journal, vol. 51, no. 1 (January/February 1995):81-83.]
    • (1971) Financial Analysts Journal , vol.27 , Issue.2 MARCH-APRIL , pp. 12-14
    • Bagehot, W.1
  • 4
    • 3042806453 scopus 로고
    • January/February
    • Bagehot, W. [Jack Treynor]. 1971. "The Only Game In Town." Financial Analysts Journal, vol. 27, no. 2 (March/April):12-14, 22. [This article was reprinted under the author's name in the Financial Analysts Journal, vol. 51, no. 1 (January/February 1995):81-83.]
    • (1995) Financial Analysts Journal , vol.51 , Issue.1 , pp. 81-83
  • 5
    • 3042720059 scopus 로고    scopus 로고
    • Regulation FD and market behavior around earnings announcements: Is the cure worse than the disease
    • Cornell University
    • Bailey, W., H. Li, C. Mao, and R. Zhong. 2002. "Regulation FD and Market Behavior around Earnings Announcements: Is the Cure Worse than the Disease." Working paper, Cornell University.
    • (2002) Working Paper
    • Bailey, W.1    Li, H.2    Mao, C.3    Zhong, R.4
  • 6
    • 84986524552 scopus 로고
    • Bid-ask spread components around anticipated announcements
    • Brooks, R. 1994. "Bid-Ask Spread Components around Anticipated Announcements." Journal of Financial Research, vol. 19, no. 3 (Fall):375-386.
    • (1994) Journal of Financial Research , vol.19 , Issue.3 FALL , pp. 375-386
    • Brooks, R.1
  • 7
    • 0042447346 scopus 로고    scopus 로고
    • Performance of stoll's spread component estimator: Evidence from simulations, time-series, and cross-sectional data
    • Brooks, R., and J. Masson. 1996. "Performance of Stoll's Spread Component Estimator: Evidence from Simulations, Time-Series, and Cross-Sectional Data." Journal of Financial Research, vol. 14, no. 4 (Winter):459-476.
    • (1996) Journal of Financial Research , vol.14 , Issue.4 WINTER , pp. 459-476
    • Brooks, R.1    Masson, J.2
  • 8
    • 0042225229 scopus 로고    scopus 로고
    • Information conveyed by seasoned security offerings: Evidence from components of the bid-ask spread
    • formerly titled: "Seasoned Security Offerings: Why Does the Market React Differently to Debt and Equity Issues?
    • Brooks, R., and A. Patel. 2000. "Information Conveyed by Seasoned Security Offerings: Evidence from Components of the Bid-Ask Spread" (formerly titled: "Seasoned Security Offerings: Why Does the Market React Differently to Debt and Equity Issues?"). Review of Financial Economics, vol. 9, no. 2 (Fall/Winter):83-99.
    • (2000) Review of Financial Economics , vol.9 , Issue.2 FALL-WINTER , pp. 83-99
    • Brooks, R.1    Patel, A.2
  • 9
    • 84944836521 scopus 로고
    • Information effects of the bid-ask spread
    • Copeland, T., and D. Galai. 1983. "Information Effects of the Bid-Ask Spread." Journal of Finance, vol. 38, no. 5 (December):1457-69.
    • (1983) Journal of Finance , vol.38 , Issue.5 DECEMBER , pp. 1457-1469
    • Copeland, T.1    Galai, D.2
  • 10
    • 0002438231 scopus 로고
    • Information value and investor wealth: The case of earnings announcements
    • Cready, W.M. 1988. "Information Value and Investor Wealth: The Case of Earnings Announcements." Journal of Accounting Research, vol. 26 (Spring):1-27.
    • (1988) Journal of Accounting Research , vol.26 , Issue.SPRING , pp. 1-27
    • Cready, W.M.1
  • 11
    • 0000458461 scopus 로고
    • The information content of annual reports: A price and trading response analysis
    • Cready, W.M., and P.G. Mynatt. 1991. "The Information Content of Annual Reports: A Price and Trading Response Analysis." Accounting Review, vol. 66 (April):291-312.
    • (1991) Accounting Review , vol.66 , Issue.APRIL , pp. 291-312
    • Cready, W.M.1    Mynatt, P.G.2
  • 12
    • 84963015797 scopus 로고
    • The cost of transacting
    • Demsetz, H. 1968. "The Cost of Transacting." Quarterly Journal of Economics, vol. 82, no. 1 (February):33-53.
    • (1968) Quarterly Journal of Economics , vol.82 , Issue.1 FEBRUARY , pp. 33-53
    • Demsetz, H.1
  • 13
    • 3943108272 scopus 로고    scopus 로고
    • Measuring the fairness of regulation FD through its impact on trading costs and information asymmetry
    • Southern Methodist University
    • Eleswarapu, V., R. Thompson, and Kumar Venkataraman. 2002. "Measuring the Fairness of Regulation FD through Its Impact on Trading Costs and Information Asymmetry." Working paper, Southern Methodist University.
    • (2002) Working Paper
    • Eleswarapu, V.1    Thompson, R.2    Venkataraman, K.3
  • 14
    • 0000836177 scopus 로고
    • Estimation of the bid-ask spread and its components: A new approach
    • George, T., G. Kaul, and M. Nimalendran. 1991. "Estimation of the Bid-Ask Spread and Its Components: A New Approach." Review of Financial Studies, vol. 4, no. 4 (Winter):623-656.
    • (1991) Review of Financial Studies , vol.4 , Issue.4 WINTER , pp. 623-656
    • George, T.1    Kaul, G.2    Nimalendran, M.3
  • 15
    • 38249030378 scopus 로고
    • Estimating the components of the bid-ask spread
    • Glosten, L., and L. Harris. 1988. "Estimating the Components of the Bid-Ask Spread." Journal of Financial Economics, vol. 21, no. 1 (May):123-142.
    • (1988) Journal of Financial Economics , vol.21 , Issue.1 MAY , pp. 123-142
    • Glosten, L.1    Harris, L.2
  • 16
    • 0345401653 scopus 로고
    • Bid, ask and transaction prices in a specialist market with heterogeneously informed traders
    • Glosten, L., and P. Milgrorm, 1985. "Bid, Ask and Transaction Prices in a Specialist Market with Heterogeneously Informed Traders." Journal of Financial Economics, vol. 14, no. 1 (March):71-100.
    • (1985) Journal of Financial Economics , vol.14 , Issue.1 MARCH , pp. 71-100
    • Glosten, L.1    Milgrorm, P.2
  • 17
    • 20044380080 scopus 로고    scopus 로고
    • Regulation FD and the financial information environment
    • University of Southern California
    • Heflin, F., K. Subramanyam, and Y. Zhang. 2001. "Regulation FD and the Financial Information Environment." Working paper, University of Southern California.
    • (2001) Working Paper
    • Heflin, F.1    Subramanyam, K.2    Zhang, Y.3
  • 18
    • 0001913087 scopus 로고
    • Optimal dealer pricing under transactions and return uncertainty
    • Ho, T., and H. Stoll. 1981. "Optimal Dealer Pricing under Transactions and Return Uncertainty." Journal of Financial Economics, vol. 9, no. 1 (March):47-73.
    • (1981) Journal of Financial Economics , vol.9 , Issue.1 MARCH , pp. 47-73
    • Ho, T.1    Stoll, H.2
  • 19
    • 0038461520 scopus 로고    scopus 로고
    • Determinants of the components of bid-ask spreads on stocks
    • Kim, S., and J. Ogden. 1996. "Determinants of the Components of Bid-Ask Spreads on Stocks." European Financial Management, vol. 2, no. 1 (March):127-145.
    • (1996) European Financial Management , vol.2 , Issue.1 MARCH , pp. 127-145
    • Kim, S.1    Ogden, J.2
  • 20
    • 40449085944 scopus 로고
    • Earnings news and small traders: An intraday analysis
    • Lee, C. 1992. "Earnings News and Small Traders: An Intraday Analysis." Journal of Accounting and Economics, vol. 15, nos. 2-3 (June-September): 265-302.
    • (1992) Journal of Accounting and Economics , vol.15 , Issue.2-3 JUNE-SEPTEMBER , pp. 265-302
    • Lee, C.1
  • 21
    • 0002304338 scopus 로고    scopus 로고
    • Inferring investor behavior: Evidence from TORQ data
    • Lee, C., and B. Radhakrishna. 2000. "Inferring Investor Behavior: Evidence from TORQ Data." Journal of Financial Markets, vol. 3, no. 2 (May):83-111.
    • (2000) Journal of Financial Markets , vol.3 , Issue.2 MAY , pp. 83-111
    • Lee, C.1    Radhakrishna, B.2
  • 22
    • 84986505585 scopus 로고
    • Estimating the components of the bid-ask spread
    • University of Ottawa
    • Masson, J. 1993. "Estimating the Components of the Bid-Ask Spread." Working paper, University of Ottawa.
    • (1993) Working Paper
    • Masson, J.1
  • 23
    • 0041412803 scopus 로고    scopus 로고
    • The components of bid-ask spreads on the London stock exchange
    • Menyah, K., and K. Paudyal. 2000. "The Components of Bid-Ask Spreads on the London Stock Exchange." Journal of Banking & Finance, vol. 24, no. 11 (November):1767-85.
    • (2000) Journal of Banking & Finance , vol.24 , Issue.11 NOVEMBER , pp. 1767-1785
    • Menyah, K.1    Paudyal, K.2
  • 24
    • 84944043652 scopus 로고
    • A simple implicit measure of the effective bid-ask spread in an efficient market
    • Roll, R. 1984. "A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market." Journal of Finance, vol. 39, no. 4 (September):1127-39.
    • (1984) Journal of Finance , vol.39 , Issue.4 SEPTEMBER , pp. 1127-1139
    • Roll, R.1
  • 25
    • 85039530689 scopus 로고    scopus 로고
    • SEC to probe whether raytheon violated disclosure regulations
    • 15 MARCH
    • Schroeder, M. 2001. "SEC to Probe Whether Raytheon Violated Disclosure Regulations." Wall Street Journal, Interactive Edition (15 March).
    • (2001) Wall Street Journal, Interactive Edition
    • Schroeder, M.1
  • 26
    • 0043281991 scopus 로고    scopus 로고
    • Do capital gain tax rate increases affect retail investors' trading decisions?
    • Seida, J., and W. Wempe. 2000. "Do Capital Gain Tax Rate Increases Affect Retail Investors' Trading Decisions?" Journal of Accounting and Economics, vol. 30, no. 1 (August):33-57.
    • (2000) Journal of Accounting and Economics , vol.30 , Issue.1 AUGUST , pp. 33-57
    • Seida, J.1    Wempe, W.2
  • 27
    • 0013502154 scopus 로고    scopus 로고
    • Earnings and price discovery in the post-reg. FD information environment: A preliminary analysis
    • University of Colorado
    • Shane, P., N. Soderstrom, and S.W. Yoon. 2001. "Earnings and Price Discovery in the Post-Reg. FD Information Environment: A Preliminary Analysis." Working paper, University of Colorado.
    • (2001) Working Paper
    • Shane, P.1    Soderstrom, N.2    Yoon, S.W.3
  • 28
    • 84977429057 scopus 로고
    • The pricing of security dealer services: An empirical study of NASDAQ stocks
    • Stoll, H. 1978. "The Pricing of Security Dealer Services: An Empirical Study of NASDAQ Stocks." Journal of Finance, vol. 33, no. 4 (September):1153-72.
    • (1978) Journal of Finance , vol.33 , Issue.4 SEPTEMBER , pp. 1153-1172
    • Stoll, H.1
  • 29
    • 84977734744 scopus 로고
    • Inferring the components of the bid-ask spread: Theory and empirical tests
    • _. 1989. "Inferring the Components of the Bid-Ask Spread: Theory and Empirical Tests." Journal of Finance, vol. 44, no. 1 (March):115-135.
    • (1989) Journal of Finance , vol.44 , Issue.1 MARCH , pp. 115-135
  • 30
    • 11144312741 scopus 로고    scopus 로고
    • Investor access to conference call disclosures: Impact of regulation fair disclosure on information asymmetry
    • Northwestern University
    • Sunder, S. 2002. "Investor Access to Conference Call Disclosures: Impact of Regulation Fair Disclosure on Information Asymmetry." Working paper, Northwestern University.
    • (2002) Working Paper
    • Sunder, S.1
  • 31
    • 3042801757 scopus 로고    scopus 로고
    • Regulation fair disclosure: Unintended consequences and emerging practices
    • Thompson, L.M. 2001. "Regulation Fair Disclosure: Unintended Consequences and Emerging Practices." Investor Relations Quarterly, vol. 4, no. 1 (March):4-10.
    • (2001) Investor Relations Quarterly , vol.4 , Issue.1 MARCH , pp. 4-10
    • Thompson, L.M.1
  • 32
    • 84956051777 scopus 로고
    • The economics of liquidity services
    • Tinic, S. 1972. "The Economics of Liquidity Services." Quarterly Journal of Economics, vol. 86, no. 1 (February):79-93.
    • (1972) Quarterly Journal of Economics , vol.86 , Issue.1 FEBRUARY , pp. 79-93
    • Tinic, S.1
  • 33
    • 0345326716 scopus 로고    scopus 로고
    • An examination of institutional trading activity before and after regulation FD
    • Arizona State University
    • Topaloglu, S. 2002. "An Examination of Institutional Trading Activity before and after Regulation FD." Working paper, Arizona State University.
    • (2002) Working Paper
    • Topaloglu, S.1
  • 34
    • 0345326713 scopus 로고    scopus 로고
    • Regulation fair disclosure and the private information of analysts
    • Stanford University
    • Zitzewitz, E. 2002. "Regulation Fair Disclosure and the Private Information of Analysts." Working paper, Stanford University.
    • (2002) Working Paper
    • Zitzewitz, E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.