Endogenous Information Flows and the Clustering of Announcements
收藏NBER2010-10-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w16485
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资源简介:
We consider the strategic timing of information releases in a dynamic disclosure model. Because investors don't know whether or when the firm is informed, the firm will not necessarily disclose immediately. We show that bad market news can trigger the immediate release of information by firms.
提供机构:
美国国家经济研究局
创建时间:
2010-10-01



