Big Beautiful Numbers: The Impact of Governmental Data on Firms' Valuations

I use the prices of financial options to study the value of macroeconomic data produced by the Bureau of Labor Statistics and the Bureau of Economic Analysis. I show that options traders expect several data products to contain information relevant to valuations of firms throughout the economy. The

本文以金融期权价格为研究样本，探究美国劳工统计局（Bureau of Labor Statistics, BLS）与美国经济分析局（Bureau of Economic Analysis, BEA）所发布的宏观经济数据的研究价值。研究表明，期权交易者预期多款数据产品包含与全经济体范围内企业估值相关的信息。