Firm characteristics and information risk
Data(s) |
01/01/2010
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Resumo |
Following the work of Easley et al. (2002) in documenting the effect of private information on cross-sectional stock returns, we examine the relationship between a firm’s fundamental characteristics and its probability of information-based trading (PIN). We find that asset turnover and dividend yields are important firm characteristics that influence a firm’s PIN. The findings also offer an alternative explanation as to why firm characteristics are informative about asset prices.<br /> |
Identificador | |
Idioma(s) |
eng |
Publicador |
Financial Services Institute of Australasia (FINSIA) |
Relação |
http://dro.deakin.edu.au/eserv/DU:30051894/lin-firmcharacteristics-2010.pdf http://dro.deakin.edu.au/eserv/DU:30051894/lin-firmcharacteristics-proforma-2010.pdf http://search.informit.com.au/documentSummary;dn=201008306;res=APAFT |
Tipo |
Journal Article |