Search Results - subject:"information precision"

Did you mean: subject:"information provision" (1,109 results)

Information in mandatory and voluntary earnings announcement date forecasts

Barth, Mary E.; Clinch, Greg; Ma, Paul - 2018

We investigate whether mandatory earnings announcement date forecasts are informative to investors and the informational tradeoffs between mandatory and voluntary forecasts. We find: (i) The percentages of the quarter's earnings news conveyed by mandatory China and voluntary US forecasts are...

Persistent link: https://www.econbiz.de/10011980114

Investment complementarities, coordination failure, and the role and effects of public investment policy

Kasahara, Tetsuya - Institute of Economic Research, Hitotsubashi University - 2013

This paper analyzes the role and effects of public investment policy when coordination problems among agents can result in individually rational but socially inefficient investment decisions. Developing a coordination investment model in which individuals simultaneously and independently...

Persistent link: https://www.econbiz.de/10010841143

Accruals Quality, Information Risk and Cost of Capital: Evidence from Australia

Gray, Philip; Koh, Ping-Sheng; Tong, Yen H. - 2009

Recent theoretical work argues that information risk is a non-diversifiable risk factor that is priced in the capital market. Using accruals quality to proxy for information risk, Francis et al. (2005) provide empirical support for this argument using a sample of US firms. This paper re-examines...

Persistent link: https://www.econbiz.de/10009448453

Bayesian learning in financial markets: Testing for the relevance of information precision in price discovery

Hautsch, Nikolaus; Hess, Dieter - 2004

An important claim of Bayesian learning and a standard assumption in price discovery models is that the strength of the price impact of unanticipated information depends on the precision of the news. In this paper, we test for this assumption by analyzing intra-day price responses of CBOT T-bond...

Persistent link: https://www.econbiz.de/10010308691

Bayesian learning in financial markets: Testing for the relevance of information precision in price discovery

Hautsch, Nikolaus; Hess, Dieter - Institut für Finanzmarktforschung, Wirtschafts- und … - 2004

Persistent link: https://www.econbiz.de/10010984848

Bayesian Learning in Financial Markets: Testing for the Relevance of Information Precision in Price Discovery

Hautsch, Nikolaus; Hess, Dieter - Økonomisk Institut, Københavns Universitet - 2004

Persistent link: https://www.econbiz.de/10005225476

Partial Certifiability and Information Precision in a Cournot Game

KOESSLER, Frédéric - Bureau d'Économie Théorique et Appliquée (BETA), … - 2002

cost and information precision. Firm~2 relies on certifiable and ex post submissions of firm~1, without necessarily knowing … certifiability possibilities. A perfectly cevealing equilibrium in which information precision is irrelevant is obtained under full … output and profit of firm~1 decreases with its average information precision if this firm is uninformed or if its cost is …

Persistent link: https://www.econbiz.de/10005422863