No News is News: Do Markets Underreact to Nothing?
收藏NBER2013-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18914
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资源简介：
As illustrated in the tale of "the dog that did not bark," the absence of news and the passage of time often contain information. We test whether markets fully incorporate this information using the empirical context of mergers. During the year after merger announcement, the passage of time is
提供机构：
美国国家经济研究局
创建时间：
2013-03-01
