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This paper analyzes the effects of public information in a perfect competition trading model populated by asymmetrically informed short-horizon investors with different levels of private information precision. We first show that information asymmetry reduces the amount of private information...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013067286
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This paper analyzes the effects of public information in a perfect competition trading model populated by asymmetrically informed short-horizon investors with different levels of private information precision. We first show that information asymmetry reduces the amount of private information...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013047660
Persistent link: https://ebvufind01.dmz1.zbw.eu/10009156806
Persistent link: https://ebvufind01.dmz1.zbw.eu/10003762348
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Persistent link: https://ebvufind01.dmz1.zbw.eu/10003768622
We examine how disclosing information about audit quality affects auditors' effort and investors' investment efficiency. In our setting, the usefulness of audited financial reports for investors depends on both the quality of the underlying financial reporting (e.g., as embodied by GAAP) and the...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10012937601
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