Chu, Gang; Goodell, John W.; Li, Xiao - In: Journal of management science and engineering 11 (2026) 1, pp. 169-188
Using internet search data, we examine how geographic proximity shapes individual investors' information acquisition … behavior. Focusing on the Chinese stock market, we document a pronounced local bias in information demand: individual investors … local information advantage, we show that local investors receive more private information about nearby firms than non …