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Which News Moves Stock Prices? A Textual Analysis

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NBER2013-01-01 更新2025-01-04 收录
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A basic tenet of financial economics is that asset prices change in response to unexpected fundamental information. Since Roll's (1988) provocative presidential address that showed little relation between stock prices and news, however, the finance literature has had limited success reversing this

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2013-01-01
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