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Attracting investor attention through advertising
Lou, Dong - London School of Economics (LSE) - 2013
This paper provides evidence that managers adjust firm advertising, in part, to attract investor attention and influence short-term stock returns. First, I show that increased advertising spending is associated with a contemporaneous rise in retail buying and abnormal stock returns, and is...
Persistent link: https://www.econbiz.de/10010745567
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Rational asset pricing implications from realistic trading frictions
Zigrand, Jean-Pierre - London School of Economics (LSE) - 2002
We study a simple rational expectations (RE) model whose asset pricing implications address some of the short-run mispricings, informational inefficiencies, and overreactions observed in real markets, without a need to resort to behavioral assumptions. We accomplish this by relying on the...
Persistent link: https://www.econbiz.de/10010746573
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Multi-asset noisy rational expectations equilibrium with contingent claims
Chabakauri, Georgy; Yuan, Kathy; Zachariadis, Konstantinos - London School of Economics (LSE) - 2014
different states of the economy. Uninformed investors attempt to extract that information from asset prices, but full revelation … assets reveal information about the risk factor only if they help span the exposure of probabilities of states to the risk …
Persistent link: https://www.econbiz.de/10011126052
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Does beta move with news?: Systematic risk and firm-specific information flows
Patton, Andrew J.; Verardo, Michela - London School of Economics (LSE) - 2009
announcements with greater information content and higher ex-ante uncertainty. We also find important differences in the behavior of … profitability of a given firm by using information on other firms. …
Persistent link: https://www.econbiz.de/10011071113
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Connected stocks
Anton, Miguel; Polk, Christopher - London School of Economics (LSE) - 2010
-stock reversal trading strat- egy exploiting information in these connections. We show that the typical long/short hedge fund …
Persistent link: https://www.econbiz.de/10011071342
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Some historical perspectives on the Bond-Stock Earnings Yield Model for crash prediction around the world
Lleo, Sebastien; Ziemba, Bill - London School of Economics (LSE) - 2014
We provide a historical perspective focusing on Ziemba's experiences and research on the bond-stock earnings yield differential model (BSEYD) starting from when he first used it in Japan in 1988 through to the present in 2014. The model has called many but not all crashes. Those called have high...
Persistent link: https://www.econbiz.de/10011170088
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Mark-to-market accounting and systemic risk: evidence from the insurance industry
Ellul, Andrew; Jotikasthira, Chotibhak; Lundblad, … - London School of Economics (LSE) - 2013
-based information, our results indicate that regulatory simplicity may be preferred to the complexity of risk-weighted capital ratios …
Persistent link: https://www.econbiz.de/10011171756
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Information acquisition, ideology and turnout: theory and evidence from Britain
Larcinese, Valentino - London School of Economics (LSE) - 2006
The amount of political information that voters decide to acquire during an electoral campaign depends, among other … candidates attach little value to information because they perceive that voting itself will have little value. Voters that are ex … ante very ideological also attach little value to information because they think that the news will hardly change their …
Persistent link: https://www.econbiz.de/10010745271
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Digital goods and the new economy
Quah, Danny - London School of Economics (LSE) - 2003
Digital goods are bitstrings, sequences of 0s and 1s, which have economic value. They are distinguished from other goods by five characteristics: digital goods are nonrival, infinitely expansible, discrete, aspatial, and recombinant. The New Economy is one where the economics of digital goods...
Persistent link: https://www.econbiz.de/10010746188
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Does political knowledge increase turnout? Evidence from the 1997 British general election
Larcinese, Valentino - London School of Economics (LSE) - 2005
A number of recent formal models predict a positive effect of political knowledge on turnout. Both information … proxies of information supply on mass media. Using survey data from the 1997 British General Election Study, I show that …
Persistent link: https://www.econbiz.de/10010746429