Add to ORKGUsing two types of corporate events, a scheduled announcement and an unscheduled announcement, I investigate the effect of information asymmetry on trading volume. Only before a scheduled announcement, such as an earnings announcement, can I observe decreasing trading volume. I construct a simple theoretical model that suggests how ex ante information asymmetry and discretionary liquidity trading could cause the decreasing trading volume only before a scheduled announcement. Finally, analyzing the relationship between this decreasing trading volume and proxies of ex ante information asymmetry, such as analyst coverage, size, and industry categorization, I test and confirm an information asymmetry hypothesis about the trading volu...
Theory suggests that earnings announcements can either increase or decrease the level of information...
This study documents a six-fold increase in short-term return reversals during earnings announcement...
The views stated here are those of the authors and do not necessarily reflect the views of the Feder...
Using two types of corporate events, a scheduled announcement and an unscheduled announcement, I inv...
Thesis (Ph. D.)--Massachusetts Institute of Technology, Sloan School of Management, 2003.Includes bi...
Background: According to theory, trading volume decreases in information asymmetries, i.e. when ther...
According to theory, trading volume decreases in information asymmetries, i.e. when there are differ...
This paper investigates the insider trading before scheduled versus unscheduled corporate announceme...
This paper focuses on the impact that dispersion of opinions and asymmetric information have on turn...
Abnormal trading volumes around scheduled and unscheduled announcements are investigated and Austral...
We show that the cost of trading on negative news, relative to positive news, increases before earni...
The objective of this study was to find out how the liquidity of a stock limit order book evolves ar...
This thesis seeks to examine changes in liquidity and information asymmetry around earnings and divi...
Designated market makers (DMMs) are contractually obligated to increase liquidity provision when tra...
Focussing on earnings-related rather than different classes of corporate announcements as in Chae (2...
Theory suggests that earnings announcements can either increase or decrease the level of information...
This study documents a six-fold increase in short-term return reversals during earnings announcement...
The views stated here are those of the authors and do not necessarily reflect the views of the Feder...
Using two types of corporate events, a scheduled announcement and an unscheduled announcement, I inv...
Thesis (Ph. D.)--Massachusetts Institute of Technology, Sloan School of Management, 2003.Includes bi...
Background: According to theory, trading volume decreases in information asymmetries, i.e. when ther...
According to theory, trading volume decreases in information asymmetries, i.e. when there are differ...
This paper investigates the insider trading before scheduled versus unscheduled corporate announceme...
This paper focuses on the impact that dispersion of opinions and asymmetric information have on turn...
Abnormal trading volumes around scheduled and unscheduled announcements are investigated and Austral...
We show that the cost of trading on negative news, relative to positive news, increases before earni...
The objective of this study was to find out how the liquidity of a stock limit order book evolves ar...
This thesis seeks to examine changes in liquidity and information asymmetry around earnings and divi...
Designated market makers (DMMs) are contractually obligated to increase liquidity provision when tra...
Focussing on earnings-related rather than different classes of corporate announcements as in Chae (2...
Theory suggests that earnings announcements can either increase or decrease the level of information...
This study documents a six-fold increase in short-term return reversals during earnings announcement...
The views stated here are those of the authors and do not necessarily reflect the views of the Feder...