Clinch, Greg; Lombardi, Brett - In: Australian Journal of Management 36 (2011) 1, pp. 5-14
We investigate the impact of endogenous information acquisition on Easley and O’Hara’s (2004) result that moving information from being publicly to privately available results in an increase in a firm’s cost of capital. As in Christensen et al. (2010), when the cost of information...