information disclosure by investment banks in order to determine if past recommendations are related to macroeconomic variables …

. These results show that underwriting fees provide valuable information. It is puzzling that investors do not use this … potentially useful public information in order to allocate efficiently their portfolios of emerging market fixed-income assets. …

information advantage with respect to investors and are the only parties compensated for the risk of sovereign debt crises. Second … indicate that valuable, publicly available information is not tracked by investors to help improve allocation of their emerging … (385 contre 319 points de base). Ce résultat suggère que les banques d’investissement ont un avantage d’information par …

common information hypothesis attributes this phenomenon to the prime broker providing valuable information to its hedge fund … shocks across its hedge fund clients. We find strong evidence supporting the common information hypothesis, but limited …

We investigate whether access to information prior to an IPO generates a trading advantage after the IPO. We find that … funds. These returns are not explained by LPs' differing stock picking abilities, and are higher when LPs' information … advantage over the public is higher. Further, LPs' access to information eliminates the familiarity bias that they display …

Whether lower stock price synchronicity reflects information or noise does not have a conclusive answer yet. From the … following is lower than that of non-star analysts, but star analysts do not own more private information about the stocks from … price synchronicity is due to noise but not private information revealed in these stocks. So the lower price synchronicity …

information disclosure by investment banks in order to determine if past recommendations are related to macroeconomic variables …

long run. We focus on output, quality control, information provision, competition, pricing, charging and signaling. We find …

long run. We focus on output, quality control, information provision, competition, pricing, charging and signaling. We find …