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Volumn 5, Issue 2, 2000, Pages 127-153

Information asymmetry, investment horizons, and the dual role of public announcements

Author keywords

Investment horizons; Market liquidity; Price efficiency; Public announcements; Trading volume

Indexed keywords


EID: 33645071537     PISSN: 13806653     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1009600707097     Document Type: Article
Times cited : (3)

References (13)
  • 1
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    • A Theory of Intraday Patterns: Volume and Price Variability
    • Admati, A.R., and P. Pfleiderer. (1988). "A Theory of Intraday Patterns: Volume and Price Variability." The Review of Financial Studies 1, 3-40.
    • (1988) The Review of Financial Studies , vol.1 , pp. 3-40
    • Admati, A.R.1    Pfleiderer, P.2
  • 4
    • 84977717550 scopus 로고
    • Herd on the Street: Informational Inefficiencies in a Market with Short-term Speculation
    • Froot, K. A., D. S. Scharfstein, and J. C. Stein. (1992). "Herd on the Street: Informational Inefficiencies in a Market with Short-term Speculation." Journal of Finance 47, 1461-1484.
    • (1992) Journal of Finance , vol.47 , pp. 1461-1484
    • Froot, K.A.1    Scharfstein, D.S.2    Stein, J.C.3
  • 5
    • 0030560539 scopus 로고    scopus 로고
    • Risk Aversion, Liquidity, and Endogenous Short Horizons
    • Holden, C. W., and A. Subrahmanyam. (1996). "Risk Aversion, Liquidity, and Endogenous Short Horizons." The Review of Financial Studies 9, 691-722.
    • (1996) The Review of Financial Studies , vol.9 , pp. 691-722
    • Holden, C.W.1    Subrahmanyam, A.2
  • 6
    • 0001890588 scopus 로고
    • Market Liquidity and Volume around Earnings Announcements
    • Kim, O., and R. E. Verrecchia. (1994). "Market Liquidity and Volume around Earnings Announcements." Journal of Accounting and Economics 17, 41-67.
    • (1994) Journal of Accounting and Economics , vol.17 , pp. 41-67
    • Kim, O.1    Verrecchia, R.E.2
  • 7
    • 0041113416 scopus 로고    scopus 로고
    • Earnings Announcements and the Components of the Bid-Ask Spread
    • Krinsky, I., and J. Lee. (1996). "Earnings Announcements and the Components of the Bid-Ask Spread." Journal of Finance 51, 1523-1535.
    • (1996) Journal of Finance , vol.51 , pp. 1523-1535
    • Krinsky, I.1    Lee, J.2
  • 8
    • 0000859303 scopus 로고
    • Continuous Auctions and Insider Trading
    • Kyle, A. S. (1985). "Continuous Auctions and Insider Trading." Econometrica 53, 1315-1335.
    • (1985) Econometrica , vol.53 , pp. 1315-1335
    • Kyle, A.S.1
  • 10
    • 40449085944 scopus 로고
    • Earnings News and Small Traders: An Intraday Analysis
    • Lee, C. M. C. (1992). "Earnings News and Small Traders: An Intraday Analysis." Journal of Accounting and Economics 16, 265-302.
    • (1992) Journal of Accounting and Economics , vol.16 , pp. 265-302
    • Lee, C.M.C.1
  • 12
    • 0040799579 scopus 로고
    • Public Disclosure, Private Information Collection, and Short-term Trading
    • McNichols, M., and B. Trueman. (1994). "Public Disclosure, Private Information Collection, and Short-term Trading." Journal of Accounting and Economics 17, 69-94.
    • (1994) Journal of Accounting and Economics , vol.17 , pp. 69-94
    • McNichols, M.1    Trueman, B.2
  • 13
    • 21844527325 scopus 로고
    • Short-term Investment and the Informational Efficiency of the Market
    • Vives, X. (1995). "Short-term Investment and the Informational Efficiency of the Market." The Review of Financial Studies 8, 125-160.
    • (1995) The Review of Financial Studies , vol.8 , pp. 125-160
    • Vives, X.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.