Using a novel measure calculated using the number of websites returned from a Google search of a firm's ticker, I examine the impact of changes in data availability on the incorporation of earnings news into stock prices. I find that larger increases in data availability are negatively...

Mobile internet devices reduce trading frictions and information search costs for investors, but also introduce attention-competing activities,such as social networking. We use exogenous nationwide and city-level outages of the Blackberry Internet Service (BIS) to investigate the effect of...

Does mobile internet distract “connected investors” from participating in financial markets? We examine this limited attention hypothesis using exogenous outages of the Blackberry Internet Service (BIS). We find that trading volume and trading frequency surge by 6% on days when BIS...