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A Bound on the Financial Value of Information
IEEE Transactions on Information Theory, 1988It will be shown that each bit of information at most doubles the resulting wealth in the general stock market setup. This information bound on the growth of wealth is actually attained for certain probability distributions on the market investigated by \textit{J. Kelly} [Bell Syst. Tech. J. 35, 917-926 (1956)].
Andrew R. Barron, Thomas M. Cover
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The financial value of a weak information on a financial market
Finance and Stochastics, 2004The authors propose an alternative modelling of an additional information that privileged investors possess. It is assumed that their extra knowledge consists of the law of a functional \(Y\) of the price process, rather than the exact value of \(Y\) as in the enlargement approach.
Fabrice Baudoin, Laurent Nguyen-Ngoc
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On the Financial Value of Information
Annals of Operations Research, 2000zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Accounting, Organizations and Society, 2010
This paper investigates how the organization and presentation of performance measures affect how evaluators weight financial and non-financial measures when evaluating performance. We conduct two experiments, in which participants act as senior executives charged with evaluating two business-unit managers. Performance differences between business units
Cardinaels, E., Veen-Dirks, P.M.G. van
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This paper investigates how the organization and presentation of performance measures affect how evaluators weight financial and non-financial measures when evaluating performance. We conduct two experiments, in which participants act as senior executives charged with evaluating two business-unit managers. Performance differences between business units
Cardinaels, E., Veen-Dirks, P.M.G. van
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Foreign ownership and financial information
EuroMed Journal of Business, 2013PurposeThe purpose of this paper is to examine the foreign ownership patterns in local stocks in an emerging capital market, i.e. the Istanbul stock exchange (ISE), to derive insights into the linkage between foreign investors’ equity‐level preferences and the information provided by the corresponding firm's financial statements.Design/methodology ...
Süer, Ömür +2 more
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On “Acquisition of Information in Financial Markets”
Review of Economic Studies, 2008In their paper "Information Acquisition in Financial Markets" (this journal, 2000), Barlevy and Veronesi present a model of a one-period financial market, and claim that for an open set of parameter values, the value of information increases with the mass of informed agents. That claim is shown here to be false.
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Credit Markets and Financial Information
SSRN Electronic Journal, 2011The last decade has seen rapid growth in trading of credit instruments on secondary markets. The ensuing availability of a rich set of credit market data has created a novel environment for testing a variety of financial economic theories. In this discussion, we provide a simple framework for linking asset pricing research using equity and credit ...
Stephen Lok, Scott Richardson
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Informational Channels of Financial Contagion
Econometrica, 2020Two main classes of channels are studied as informational sources of financial contagion. One is a fundamental channel that is based on real and financial links between economies, and the second is a social learning channel that arises when agents base their decisions on noisy observations about the actions of others in foreign markets.
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Research on the Financial Information Grid
2004An Information Grid uses grid technologies to achieve the sharing, management, and service providing of information resources. In this article, the demand for grid technology by the financial industry is analyzed and the architecture of a financial information grid is proposed.
Jiyue Wen, Guiran Chang
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Information Acquisition in Financial Markets
SSRN Electronic Journal, 1999zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Barlevy, Gadi, Veronesi, Pietro
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