Eleswarapu, Venkat R.; Thompson, Rex; Venkataraman, Kumar - In: Journal of Financial and Quantitative Analysis 39 (2004) 02, pp. 209-225
In October 2000, the Securities and Exchange Commission (SEC) passed Regulation Fair Disclosure (FD) in an effort to reduce selective disclosure of material information by firms to analysts and other investment professionals. We find that the information asymmetry reflected in trading costs at...