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Public Information as a Source of Disagreement Among Shareholders

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NBER2022-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w30757
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We study how investors beliefs about firm value, and hence their willingness to trade, respond to the release of public information. We consider a standard rational expectations model with homogeneous investors (common preferences, priors, and opinions) with the novelty that information, both public
创建时间:
2022-12-01
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