Brandes, Â Leif; Franck, Â Egon; Verbeek, Â Erwin - Institut für Strategie und Unternehmensökonomik …
 Measuring the (private) information content of stock trades is an important topic in market microstructure research. A common problem of stock markets is that it is ex-ante not possible to separate phases where the scope for asymmetric information is likely to be broader from those, where...