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We investigate whether providers of high frequency news analytics affect the stock market. As identification, we exploit a unique experiment based on differences in news event classifications between different product releases of a major provider of news analytics. We document a causal effect of...
Persistent link: https://www.econbiz.de/10011252620
-term contracts sacrificing managerial selection may be optimal at early stages of economic development and when access to information …
Persistent link: https://www.econbiz.de/10009144738
information in investor demand co-exists with the presence of capacity constraints in hedge fund returns, confirming two main …
Persistent link: https://www.econbiz.de/10008692307
Expansion in mobile phone coverage has improved access to information throughout the developing world, particularly … within sub-Saharan Africa. The existing evidence suggests that information technology has improved market efficiency and … data from a farmer-level survey: we find that farmers owning mobile phones obtain more price information but do not engage …
Persistent link: https://www.econbiz.de/10011083580
quality information, price information, and horizontal match information. Equilibrium is unique whenever advertising is … information. For a given quality level, as a function of consumer visit costs, first quality information is disclosed, then price … information and then horizontal product information are added to the advertising mix. Some suggestive evidence is provided from …
Persistent link: https://www.econbiz.de/10011083652
information transmission. In the case of uniform tariff, we argue that a positive price-cap on the charge to content is optimal … (with no constrain on the consumer side). Proposing menus helps signaling useful information to consumers and therefore …
Persistent link: https://www.econbiz.de/10011083772
information and correlated between them. The principals benchmark their agents against each other by making the same offers in the …
Persistent link: https://www.econbiz.de/10011083946
Does information about rampant political corruption increase electoral participation and the support for challenger … parties? Democratic theory assumes that offering more information to voters will enhance electoral accountability. However, if … increased support for challengers and higher political participation. We provide experimental evidence that information about …
Persistent link: https://www.econbiz.de/10011084114
The paper contributes to the literature on corporate cash holdings by showing that there is a financial markets channel that affects corporations’ cash holdings. Leaning on the literature on stock price feedback to firm fundamentals, we advance the hypothesis that firms with more liquid stocks...
Persistent link: https://www.econbiz.de/10011084593
contains enough information to estimate the structural shocks with a VAR model. Based on such conditions, we suggest a … are not informationally sufficient. When adding missing information, the effects of technology shocks change dramatically. …
Persistent link: https://www.econbiz.de/10008854473