Aid beneficiaries know very little about development interventions in their own communities. This lack of transparency and information is likely to reduce beneficiaries' ability and willingness to become active in local development. It may also dampen intended aid effects on beneficiaries'...

In this article, it has been tried to investigate two dimensions of information efficiency (secret news leakage and speed of impact of news) about the companies that make up the Dow Jones index (DJI). For this purpose, the price data of the days before and after the reporting of quarterly...

Existing studies on the impact of social media on the information efficiency of capital markets have opposing views. As a core feature of social media, the role of investor interaction is often overlooked. To fill this gap, using the social network analysis (SNA) method, we examine the...

In a setting with dispersed information, monopolistic competition and sticky-prices, a policy authority uncertain about the monetary transmission mechanism reacts prudently to supply shocks. This induces producers to ascribe an excessive importance to their private information when setting...

We study the relation between equity market uncertainty and the informational efficiency of U.S. equity prices, proxied by the SPDR S&P 500 Trust ETF. Using the Baker, Bloom, and Davis (2016) equity market uncertainty index, we document a negative relation between market uncertainty and...