Macro News and Micro News: Complements or Substitutes?
收藏NBER2021-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28931
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资源简介：
We study how the arrival of macro-news affects the stock markets ability to incorporate the information in firm-level earnings announcements. Existing theories suggest that macro and firm-level earnings news are attention substitutes; macro-news announcements crowd out firm-level attention, causing
提供机构：
美国国家经济研究局
创建时间：
2021-06-01
