Results 71 to 80 of about 24,822 (265)
Journal of Accounting Research, EarlyView.ABSTRACT This paper provides descriptive evidence on how stock market participants use Generative Artificial Intelligence (GenAI) to process investment‐related information. Using a data set of 1.7 million stock‐related queries from one of China's largest GenAI platforms during the first half of 2024, we document that user queries address a wide range ...
FRANK ECKER, XITONG LI, YILAN LI, FAN WU
wiley +1 more source
Measuring market liquidity: An introductory survey [PDF]
, 2011 Asset liquidity in modern financial markets is a key but elusive concept. A market is often said to be liquid when the prevailing structure of transactions provides a prompt and secure link between the demand and supply of assets, thus delivering low ...
Gabrielsen, Alexandros +2 more
core +5 more sources
Illiquidity and Under-Valuation of Firms [PDF]
SSRN Electronic Journal, 2008 We study a competitive model in which debt-financed firms may default in some states of nature. Incomplete markets prevent firms from hedging the risk of asset firesales when markets are illiquid. This is the only friction in the model and the only cost of default. The anticipation of such losses alone may distort firms' investment decisions.
Piero Gottardi, Douglas Gale
openaire +5 more sources
Generative AI Use by Capital Market Information Intermediaries: Evidence from Seeking Alpha
Journal of Accounting Research, EarlyView.ABSTRACT We study the use of generative AI for firm‐specific financial analysis on the Seeking Alpha platform. After the initial launch of ChatGPT in November 2022, the share of AI‐generated articles rose sharply to 13.5% of all articles, then declined in late 2023 after Seeking Alpha equated the use of AI to plagiarism and announced a prohibition on ...
Mark T. Bradshaw +3 more
wiley +1 more source
Liquidity-adjusted CAPM — An empirical analysis on Indian stock market
Cogent Economics & Finance, 2019 This article examines the impact of various sources of systematic liquidity risk and idiosyncratic liquidity risk on expected returns in the Indian stock market.
Gaurav Kumar, Arun Kumar Misra
doaj +1 more source
Stock market activity and Google Trends: the case of a developing economy [PDF]
Journal of Economics and Development, 2019 Purpose – The purpose of this paper is to investigate the impacts of investor attention on stock market activity. Design/methodology/approach – The authors employed the Google Search Volume (GSV) Index, a direct and non-traditional proxy for investor ...
Vinh Xuan Bui, Hang Thu Nguyen
doaj +1 more source
The Value of Control and the Costs of Illiquidity [PDF]
SSRN Electronic Journal, 2012 ABSTRACTWe develop a search model of block trades that values the illiquidity of controlling stakes. The model considers several dimensions of illiquidity. First, following a liquidity shock, the controlling blockholder is forced to sell, possibly to a less efficient acquirer. Second, this sale may occur at a fire sale price.
Albuquerque, Rui, Schroth, Enrique
openaire +4 more sources
Real Estate Economics, EarlyView.Abstract We estimate the price impact of very nearby concurrently listed properties in the Sydney housing market and assess their competition effects. We apply a hedonic model with spatiotemporal effects regularized via a graph Laplacian prior at the month‐by‐SA2 regional level to seven SA4 subregions of metropolitan Sydney. The model structure enables
Willem P. Sijp, Mengheng Li
wiley +1 more source
Illiquidity-driven bond return synchronicity and information environment
International Review of Economics & FinanceThis paper provides comprehensive evidence on how corporate bond illiquidity dampens the incorporation of firm-specific information into bond prices, resulting in lower return synchronicity. Using U.S.
Zhirui Song, Zehua Zhang, Ran Zhao
doaj +1 more source
Accounting Perspectives, EarlyView.ABSTRACT A long‐standing debate exists between neutrality and conservatism in financial reporting. This debate has gained momentum following the 2010 FASB decision to remove the term conservatism from its Conceptual Framework. While neutrality is now promoted as a cornerstone of faithful representation, conservatism remains embedded in numerous ...
Rahat Jafri +2 more
wiley +1 more source