Discretionary liquidity trading, information production and market efficiency
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DOI: 10.1016/j.frl.2019.09.014
Abstract: Abstract We analyze the professionals’ strategies of information production and the consequent market efficiency in the presence of discretionary liquidity trading. A unique equilibrium exists where only parts of discretionary liquidity traders can satisfy their… read more here.
Keywords: liquidity; information; discretionary liquidity; market ... See more keywords
Rational exuberance booms
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DOI: 10.1016/j.red.2019.07.002
Abstract: Abstract I provide a theory of information production and learning that can help account for both the excessive optimism that fueled booms preceding crises and the slow recoveries that followed. In my theory, persistence and… read more here.
Keywords: exuberance; exuberance booms; rational exuberance; information production ... See more keywords
Managerial Entrenchment and Information Production
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DOI: 10.1017/s0022109019000693
Abstract: In this article, we evaluate the effect of managerial entrenchment on corporate information production using the voting outcomes of shareholder-initiated proposals intended to mitigate managerial entrenchment. We focus on the proposals that are passed or… read more here.
Keywords: entrenchment information; information; managerial entrenchment; information production ... See more keywords
The role of linguistic experience in the processing of probabilistic information in production
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DOI: 10.1080/23273798.2017.1375129
Abstract: ABSTRACT Speakers track the probability that a word will occur in a particular context and utilise this information during phonetic processing. For example, content words that have high probability within a discourse tend to be… read more here.
Keywords: information; processing; information production; probabilistic information ... See more keywords