... forecasts. By highlighting the informational role of pension funding status in analyst forecasts, this study contributes to the literature on financial disclosure, information asymmetry and market efficiency. It also offers policy implications for improving pension-related transparency and guiding more...

... Investment Information asymmetry Liquidation values G33 G32 D82 G14 Informational frictions can arise in a secondary market for the assets of distressed firms because potential buyers have limited time and accessibility to inside information to evaluate those assets accurately [1...

...Ryumi Kim; Bonha Koo The authors examine the effect of split environmental, social and governance (ESG) ratings on information asymmetry, corporate value and trading behavior. The authors test the risk-based hypothesis and the optimism-bias hypothesis on the relationship between diverging opinions...

...Ephraim Kwashie Thompson; Changki Kim This paper aims to show that information asymmetry plays a vital role in the post-M&A performance-time until deal completion nexus. The findings are that the due diligence hypothesis and the overdue hypothesis proposed and tested in Thompson and Kim (2020...

... with the difference between the volatilities in the good and bad states. In addition, we find that the risk factor constructed by the ambiguity measure has explanatory power about returns on 25 portfolios of the Fama-French type in the Korean market. Asymmetric Volatility Information Asymmetry Liquidity Traders...

.... Behavioral Finance Credit Rating Cumulative Abnormal Sentiment Firm-Specific Investor Sentiment Information Asymmetry © 2019 Emerald Publishing Limited 2019 This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Anyone may reproduce, distribute, translate and create...

...Yun Yeong Jung; Rae Soo Park This paper investigates the effects of information asymmetry and Credit Rating Agency's reputation on bond yield spread, which is caused by the split bond rating of CRAs. For analysis, We do multivariate analysis, using bond rating and bond yield spread data in Korea...

... of longer maturity. The close relationship between banks and SMEs creates information and alleviates information asymmetry problem of borrowing firms. However, banks less perform monitoring and screening as information creator in the relationship with big firms. Because big firms have information asymmetry...

...Jin Yoo Security design of asset-backed securities (ABS) could affect the value of the ABS and that of the issuing firm as well when there exists an information asymmetry between insiders and outsiders of the firm, depending on the size of the assets sold. If the size is relatively small...