Using a sample of NYSE securities, we investigate whether there is an information risk premium in securities return. We use two proxies for information, probability of information trading (PIN) and institutional trading and determine how those impact securities return after controlling for other...

I argue that Eastern and Southern Finance Associations, two prominent US based finance associations should consider combining their annual meetings and hold a joint meeting sometime in February of each year. The meeting has the potential of complementing the very successful fall FMA meetings by...

We use transactions data from TORQ and present empirical evidence on the cross sectional relation between institutional trading and effective spread after controlling for trading volume denoting inventory and order processing costs and probability of informed trading (PIN) denoting risk of...