Two Essays on Information Ambiguity and Informed Traders’ Trade-Size Choice
Defining ambiguity as investor's uncertainty about the precision of the observed information, Chapter One constructs an empirical measure of ambiguity based on analysts' earnings forecast information, and finds that the market tends to react more negatively to highly ambiguous bad news, wh...
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| Format: | Others |
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Scholar Commons
2010
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| Online Access: | https://scholarcommons.usf.edu/etd/1817 https://scholarcommons.usf.edu/cgi/viewcontent.cgi?article=2816&context=etd |