Search Results - subject_exact:"Informationseffizienz"

Fund cliques and firms' information environment : information efficiency or noise trading?

Luo, Danglun; Jiang, Zihe; Zhuang, Xinxuan; He, Jianmei - 2026

Fund cliques (i.e., mutual funds holding the same stocks) are a common feature of global financial markets, raising the question: How do fund cliques shape firms' information environment? Do they improve information efficiency or amplify noise trading? Using a sample of Chinese A-share listed...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015596418

Does improving stock market information efficiency promote firms' high-quality development?

Geng, Xiaoxu; He, Muyuan; He, Chengying; Jiang, Yuexiang - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015327254

The disciplinary role of options trading : evidence from earnings manipulation

Hao, Mengshu; Hong, Jieying - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015331595

Informational efficiency and rational bubbles

Ardakani, Omid M. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015508732

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Informational efficiency and rational bubbles

Ardakani, Omid M. - 2025

Article

From zero-intelligence to Bayesian learning : the effect of rationality on market efficiency

Giachini, Daniele; Mousavi, Shabnam; Ottaviani, Matteo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015485687

Centralized vs decentralized markets : the role of connectivity

Alfarano, Simone; Banal-Estañol, Albert; Camacho-Cuena, Eva - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464350

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Centralized vs decentralized markets : the role of connectivity

Alfarano, Simone; Banal-Estañol, Albert; Camacho-Cuena, Eva - 2024

Book / Working Paper

Centralized vs decentralized markets : the role of connectivity

Alfarano, Simone; Banal-Estañol, Albert; Camacho-Cuena, Eva - 2024

Book / Working Paper

Centralized vs decentralized markets : the role of connectivity

Alfarano, Simone; Banal-Estañol, Albert; Camacho-Cuena, Eva - 2024

Book / Working Paper

Informational efficiency of cryptocurrency markets

Nimalendran, Mahendrarajah; Pathak, Praveen; Petryk, Mariia - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451338

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Informational Efficiency of Cryptocurrency Markets

Nimalendran, Mahendrarajah; Pathak, Praveen; Petryk, Mariia - 2021

Book / Working Paper

Analyse der Informationseffizienz des amerikanischen Kapitalmarktes im Rüstungssektor mit Methoden der Ökonometrie und des maschinellen Lernens

Döller, Niklas; Lehrbass, Frank - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015403990

The price of processing : information frictions and market efficiency in DeFi

Azar, Pablo; Olivas, Sergio; Sinha, Nish D. - 2025

This paper investigates the speed of price discovery when information becomes publicly available but requires costly processing to become common knowledge. We exploit the unique institutional setting of hacks on decentralized finance (DeFi) protocols. Public blockchain data provides the precise...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396109

Audit report readability and information efficiency : evidence from the Tehran Stock Exchange

Rajabalizadeh, Javad; Schadewitz, Hannu - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015423906

Analyse der Informationseffizienz des amerikanischen Kapitalmarktes im Rüstungssektor mit Methoden der Ökonometrie und des maschinellen Lernens

Döller, Niklas; Lehrbass, Frank; FOM Hochschule für … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015553934

The impact of futures trade on the informational efficiency of the U.S. REIT market

Ahn, Kwangwon; Jang, Hanwool; Jeong, Minhyuk; Sohn, Sungbin - 2025

This study examines the impact of futures trading on market efficiency and price discovery in the U.S. real estate investment trusts (REITs) market. First, we present inconclusive evidence regarding efficiency improvement in the U.S. REIT spot market following the introduction of futures...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015559385

How different are the (Non-)US investors? : evidence from market reactions to global ESG incidents

Hafeez, Bilal; Tosun, Onur Kemal - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574773

Social media, investor-firm interactions and informational efficiency of stock prices : evidence from China

Shu, Jinhan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015078576

CSRC's random inspection and capital market information efficiency : an empirical evidence from stock price synchronicity

Xia, Xue; Teng, Fei; Xu, Liping; Xin, Yu - 2024

The random inspection of the China Securities Regulatory Commission (CSRC) is an important policy for practicing "standardizing regulatory behavior and innovating management modes". This study investigates how CSRC's random affect capital market information efficiency from the perspective of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015055394

Informational efficiency of world oil markets : one great pool, but with varying depth

Gronwald, Marc; Wadud, Sania; Dogah, Kingsley - 2024

This paper investigates the informational efficiency of global crude oil markets using a recently introduced quantitative measure for market inefficiency. The methodology assesses the deviation of observed oil price behavior from the Random Walk benchmark, representing an efficient market. The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014505288

"My name is Bond. Green Bond." : informational efficiency of climate finance markets

Gronwald, Marc; Wadud, Sania - 2024

This paper investigates the informational efficiency of green bond markets using a recently introduced quantitative measure for market inefficiency. The methodology assesses the deviation of observed asset price behavior from the Random Walk benchmark, which represents an efficient market. The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014505807

How does passive investing effect the informational efficiency of prices?

Corgnet, Brice; DeSantis, Mark; Peng, Yan; Porter, David; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014474729

Listening to the noise : on price efficiency with dynamic trading

Arnold, Lutz; Russ, David - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014535526

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Listening to the noise : on price efficiency with dynamic trading

Arnold, Lutz; Russ, David - 2024

Book / Working Paper

Regime-specific dynamics and informational efficiency in cryptomarkets : evidence from Gaussian mixture models

Jamhamed, Fayssal; Martin, Franck; Rondeau, Fabien; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015191775

Data assetization and capital market information efficiency : evidence from Hidden Champion SMEs in China

Chen, Lili - 2024

Data assets serve functions such as value preservation and appreciation, financing, and value creation. They contain extensive information about enterprises' operational status and future development prospects, providing significant references for external investors' decision-making and greatly...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410629

Revealing information &- or not &- in a social network of traders

Allmis, Patrick; Pin, Paolo; Vega-Redondo, Fernando - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014566872

How loud is a soft voice? : effects of positive screening of ESG performance on the Japanese oil companies

Keida, Masayuki; Takeda, Yosuke - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014450734

Conflicting versus reinforcing private information, information aggregation, and the time series properties of asset prices

Schnitzlein, Charles R.; Chelley-Steeley, Patricia L.; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015557523

The informational role of emission markets : prices vs quantities with dispersed information about externalities

Lemoine, Derek - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604459

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The Informational Role of Emission Markets : Prices vs Quantities with Dispersed Information About Externalities

Lemoine, Derek - 2026

Book / Working Paper

Overconfidence and correlated information structures

Park, Junghum - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616412

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Overconfidence and correlated information structures

Park, Junghum - 2023

Book / Working Paper

Wisdom of Crowds or Awkward Squad? Social Interaction and the Information Efficiency of the Capital Market

Wu, Yanran; Wu, Shan; Xu, Fujia; Jiang, Jie - 2023

Existing studies on the impact of social media on the information efficiency of capital markets have opposing views. As a core feature of social media, the role of investor interaction is often overlooked. To fill this gap, using the social network analysis (SNA) method, we examine the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014353452

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Wisdom of Crowds or Awkward Squad? Social Interaction and the Information Efficiency of the Capital Market

Wu, Yanran; Wu, Shan; Xu, Fujia; Jiang, Jie - 2023

Book / Working Paper

Designing pension communication : lessons from the medical domain

Strikwerda, Jelle; Holleman, Bregje; Hoeken, J. A. L. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014287617

More information, better knowledge? : the effects of information campaigns on aid beneficiaries' knowledge of aid projects

Juan, Alexander de; Hofman, Paul; Koos, Carlo - 2023

Aid beneficiaries know very little about development interventions in their own communities. This lack of transparency and information is likely to reduce beneficiaries' ability and willingness to become active in local development. It may also dampen intended aid effects on beneficiaries'...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014250073

Market Microstructure and Informational Efficiency in Emerging Markets

Akhunzada, Bahrawar Said; Raza, Muhammad Wajid; … - 2023

This research link market microstructure with efficiency. Liquidity and volatility are linked with time-varying informational efficiency of the Asian emerging economies. Three measures are used for each variable. Using SGMM, this study finds that both variables have significant role in driving...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014355897

Optimal policy with dispersed information and uncertain monetary transmission

Femminis, Gianluca; Piccirilli, Giulio - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014455464

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Optimal Policy with Dispersed Information and Uncertain Monetary Transmission

Femminis, Gianluca; Piccirilli, Giulio - 2023

Book / Working Paper

Informational Efficiency In Dow Jones Index Companies Using Anova Tests

YASSINI, SEYYED BEHSHAD; VAHEDI, EHSAN - 2023

In this article, it has been tried to investigate two dimensions of information efficiency (secret news leakage and speed of impact of news) about the companies that make up the Dow Jones index (DJI). For this purpose, the price data of the days before and after the reporting of quarterly...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014261897

Information and price efficiency in betting markets

Hegarty, Tadgh - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591831

News diffusion in social networks and stock market reactions

Hirshleifer, David; Peng, Lin; Wang, Qiguang - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015371042

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News Diffusion in Social Networks and Stock Market Reactions

Hirshleifer, David; Peng, Lin; Wang, Qiguang - 2023

Book / Working Paper

Information advantage of narratives to consumers' inflation forecasts

Tsuchiya, Yoichi; Takemura, Hiroyuki; Udagawa, Takashi - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195263

Does the research done by the institutional investors affect the stock price synchronicity?

Saci, Fateh - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015485846

Market power and price informativeness

Kacperczyk, Marcin; Nosal, Jaromir; Sundaresan, Savitar - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015458888

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Market Power and Price Informativeness

Kacperczyk, Marcin; Nosal, Jaromir; Sundaresan, Savitar - 2022

Book / Working Paper

Market Power and Price Informativeness

Kacperczyk, Marcin - 2020

Book / Working Paper

Attention centrality and information efficiency

Yang, Ruohan; Su, Kun - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015467407

Trading by professional traders : an experiment

Angrisani, Marco; Cipriani, Marco; De Filippis, Roberta; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015449640

Non-fundamental information disclosure and discretionary liquidity trading

Li, Lanyu; Liu, Hong; Yang, Qingshan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439237

Information quality : ritical asset in a relational economy

Anunciação, Pedro Fernandes; Chasqueira, Cátia … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015403745

Die Konstitution von Relevanz in Organisationen

Malczok, Melanie - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014633947

Probability pricing

Dávila, Eduardo; Parlatore, Cecilia; Walther, Ansgar - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616771

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Probability Pricing

Dávila, Eduardo; Parlatore, Cecilia; Walther, Ansgar - 2025

Book / Working Paper

Are green asset prices efficient? : evidence from a seasonal anomalies approach

Lobão, Júlio - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015588306

Information jumps, liquidity jumps, and market efficiency

Tseng, Michael; Mahmoodzadeh, Soheil - 2022

We formulate a measure of information efficiency in a general, no-arbitrage semimartingale model of the price process. The market quality measure is applied to a high-frequency dataset from the interdealer FX market to identify changes in market efficiency after a decimalization of tick size.

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013161552

How Informationally Efficient Are Options Markets?

Goncalves-Pinto, Luis; Sala, Carlo - 2022

The ability of option-based measures to predict future stock returns is not a sufficient condition for the existence of incremental information in options. If options markets are informationally more efficient than the stock market, then option measures may be used to predict future actual stock...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013294287

ETF ownership and informational efficiency of underlying stocks : evidence from China

Wu, Weili; Zhu, Feifei - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014463152

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ETF Ownership and Informational Efficiency of Underlying Stocks : Evidence from China

Wu, Weili; Zhu, Feifei - 2022

Book / Working Paper

Equity Market Uncertainty and Informational Efficiency

Frijns, Bart; Indriawan, Ivan; Tourani-Rad, Alireza; … - 2022

We study the relation between equity market uncertainty and the informational efficiency of U.S. equity prices, proxied by the SPDR S&P 500 Trust ETF. Using the Baker, Bloom, and Davis (2016) equity market uncertainty index, we document a negative relation between market uncertainty and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014235836

Short selling, informational efficiency, and extreme stock price adjustment

Fan, Yi; Gao, Yang - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014446541

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Short Selling, Informational Efficiency, and Extreme Stock Price Adjustment

Fan, Yi; Gao, Yang - 2022

Book / Working Paper

Climate Risk Exposure, Information Efficiency, and Corporate Leverage Adjustments : International Evidence

Zhou, Zihan; Wu, Kai - 2022

Using a large sample of firms across 35 countries from 2001 to 2021, we show a significantly positive association between a firm's climate risk exposure and speed of leverage adjustment. A plausible explanation is that climate risk exposure mitigates agency conflicts and improves information...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014235896