...Harsha Talaulikar; Purva Hegde Desai; Nilesh Borde Purpose The purpose of this research is to study the antecedents of risk perceptions of bank managers towards micro, small, medium enterprise (MSME) lending, in the situation of information asymmetry, where cognitive factors assume significance...

... No. 7 , pp. 1094 - 1106 . Grossman , S. and Stiglitz , J. (1980), “ On the impossibility of informationally efficient markets ”, The American Economic Review , Vol. 70 No. 3 , pp. 393 - 408 . Guiso , L. and Jappelli , T. (2006), “ Information acquisition...

...Keming Li; Mohammad Riaz Uddin; J. David Diltz Purpose – Prior research has documented the role of information uncertainty in the cross-sectional variation in stock returns. Miller (1977) hypothesizes that if information uncertainty is caused by differences of opinion, prices will reflect only...

...Chia-Wu Lu; Tsung-Kang Chen; Hsien-Hsing Liao Purpose – Real estate investment trust (REIT) stocks are well known for limited management discretion in investment, financing, and payout policies, implying little information asymmetry between informed and uninformed investors. Besides, due...

...Adam Y.C. Lei; Huihua Li Purpose The purpose of this paper is to examine the order strategies of investors, in particular their use of intermarket sweep orders (ISOs), in response to a short‐lived information event. Design/methodology/approach This paper uses a natural experiment on September...

...Kai Li; William McNally Purpose This study seeks to examine the role of firm characteristics and insider private information in affecting Canadian firms’ repurchase decision and the associated announcement period stock return. Design/methodology/approach Past studies of announcement returns...

...) are critical to ensure an investment environment where gains from private information are minimized ex ante and penalized ex post. The Company Law (1993) requires all share capital based firms to prepare an audited financial report at the end of the year. A listed firm must prepare and publish a seasonal...

... private information about the firm through the downgrade (the information provision hypothesis) and/or because the downgrade imposes significant costs on the firm (the cost imposition hypothesis). The results of a cross‐sectional model support both hypotheses. Specifically, we find that firms’ stock...

.... On the impossibility of informationally efficient markets, American Economic Review 70 (3), 393-408. Lo, A. and MacKinlay, C., 1990. When are contrarian profits due to stock market overreaction?, The Review of Financial Studies 3, pp. 175-205. Roll, R., 1984. A simple implicit measure of the effective bid-ask spread...

... on the information content of US/Canadian differences and tests the relative and incremental information content of 156 interlisted firms 1996‐1998. Explains the methodology and presents the results, which suggest that there is little difference in the relative information content of the two sets of standards...

... sophisticated models in evaluating the signal contained in ploughback earnings. © MCB UP Limited 2000 Accounting research Share prices Inflation accounting Information USA This article builds upon a previous article by the author (Omer, 1993). Volume 26 Number 8 2000 13 Real Ploughback...

...Richard J. Bauer; Julie R. Dahlquist Discusses research ideas on the distinctions between data, information and knowledge, the categories of knowledge and knowledge‐processing activities in Holsapple and Whinston’s (HW’s) taxonomy (1987, 1988a, 1988b), and their application to markets...