We examine the effects of investor disagreement on price discovery using a recurring public information event in the … condition trades on information beyond the news …

We find that single-name options trading increases the absolute level of information content of prices (stock price … volume. Our findings are through the channels of investors' acquiring more information and through managers' information … disclosure. The findings are driven by firms with higher information asymmetry and firms with more efficiently priced options …

We show that aversion to risk and ambiguity leads to information inertia when investors process public news about … disappears when investors are risk neutral or the news is about idiosyncratic risk. Information inertia leads to news momentum (e …

precision proxies, we show that prices respond significantly stronger to more precise information, even after controlling for an …