high information asymmetry. This rebalancing causes a substitution in ownership away from the investors who induce …

We investigate how short sellers strategically exploit the liquidity generated by the arrival of ambiguous information … – i.e. information likely to cause disagreement in interpretation. Using a sample of newspaper articles, media newswires …, and press releases, we construct a measure of information tangibility as the ratio of numbers to the total words in an …

all the IPOs that took place in Sweden in the period 1995-2001. We have obtained detailed information on the portfolio … composition of investors in similar (in terms of size, book-to-market and industry) companies not taken public. The information is …

information on portfolio choice - broken down at the stock level - wealth, income and demographic characteristics of a big panel … of investors as well as information on the college they attended and their family situation at the time. We show that the … portfolio choice, such as hedging non-financial income risk, information and familiarity and so on. This holds even after …

these hypotheses using the data on all IPOs in Sweden between 1995 and 2001. Using detailed information on the portfolio …

We study the degree of information substitutability in the financial market. Exploiting the cross-sectional and time …, process, and transmit soft information, we investigate how the difficulty/inability to use soft information has prompted a … switch to hard information, and its implication on fund performance. We show that lockdown reduces fund investment in …