Afzali, Mansoor; Colak, Gonul; Mai, Sinh Thoi; Savor, … - 2023
We study whether management guidance affects how stock prices respond to monetary policy shocks in the Eurozone. Using …, frequency, and disaggregation— all impact the relation between stock prices and monetary policy changes. Our findings are … consistent with the hypothesis that monetary policy is especially important for high-information-asymmetry firms and that …