The Impact of Regulation Fair Disclosure: Trading Costs and Information Asymmetry

In October 2000, the Securities and Exchange Commission (SEC) passed Regulation Fair Disclosure (FD) in an effort to reduce selective disclosure of material information by firms to analysts and other investment professionals. We find that the information asymmetry reflected in trading costs at earni...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Journal of financial and quantitative analysis 2004-06, Vol.39 (2), p.209-225
Hauptverfasser:	Eleswarapu, Venkat R., Thompson, Rex, Venkataraman, Kumar
Format:	Artikel
Sprache:	eng
Schlagworte:	Announcements Asymmetric information Cost efficiency Cost estimates Costs Decimals Disclosure Earnings Earnings announcements Finance Financial regulation Information Information asymmetry Information flow Information sharing Investment P values Quantitative analysis Regulation SEC regulations Stockbrokers Stocks Teleconferencing Trade Transaction costs U.S.A
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!