Familiarity and Surprises in International Financial Markets: Bad news travels like wildfire; good news travels slow
Sign Up to like & getrecommendations! Published in 2021 at "Journal of International Money and Finance"
DOI: 10.1016/j.jimonfin.2021.102390
Abstract: In this paper, we decompose attention allocation in two components –the familiar and the surprising –with opposite implications for US purchases of foreign stocks. On one hand, familiarity-induced attention leads to an increase in US… read more here.
Keywords: bad news; attention; familiarity; news ... See more keywords