Results 191 to 200 of about 260,767 (259)

Who Moves First? Price Discovery by Institutional and Retail Investors

open access: yesAccounting &Finance, EarlyView.
ABSTRACT This paper uses 77 million Finnish trades, classified as foreign institutional or domestic retail, to examine the drivers of price discovery. The results show that foreign institutional investors dominate price discovery overall, including during the Global Financial Crisis. Their informational advantage is explained by buy‐ and sell‐initiated
Zheng Wu   +2 more
wiley   +1 more source

Observable Versus Unobservable Information Acquisition: The Differential Effect on Information Acquisition and Market Quality

open access: yesAccounting &Finance, EarlyView.
ABSTRACT Historically, investors' information acquisition has been unobservable, but recent regulatory changes have made these activities visible to other market participants. Using this shift, we provide empirical evidence that investors strategically reduce their information acquisition when they expect their actions to be observed.
Eunyoung Lee, Joo Hyung Lee
wiley   +1 more source

Does Search Heat Ignite AI‐Stock Volatility? Evidence From Korea's AI Supply Chain

open access: yesAsia-Pacific Journal of Financial Studies, EarlyView.
Abstract This study examines whether firm‐level search attention predicts returns or market turbulence in Korea's AI equities. Using daily Naver search and KRX data for 108 AI‐related and matched‐control firms from 2020 to 2026, the results show that search shocks coincide with abnormal trading activity and absolute price movements but do not reliably ...
Jaehyeong Andrew Cho
wiley   +1 more source

Why did Putin invade Ukraine? A theory of degenerate autocracy

open access: yesAmerican Journal of Political Science, EarlyView.
Abstract Many dictatorships end up with a series of disastrous decisions such as Hitler's attack on the Soviet Union or Saddam Hussein's aggression against Kuwait. Even if a certain policy choice is not ultimately fatal for the regime, such as Mao's Big Leap Forward or the Pol Pot's collectivization drive, they typically involve both a miscalculation ...
Georgy Egorov, Konstantin Sonin
wiley   +1 more source

Mitigating policy uncertainty: What financial markets reveal about firm‐level lobbying

open access: yesAmerican Journal of Political Science, EarlyView.
Abstract Elections can lead to substantial policy changes and, thus, are a significant source of risk. Firms can respond to such policy uncertainty by lobbying, but it is hard to quantify whether they do so and, if so, how much lobbying benefits them. We construct a new dataset and leverage investors’ expectations of variability in stock returns in the
Kristy Buzard   +2 more
wiley   +1 more source

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