Price informativeness and predictability: how liquidity can help

How Food Industries Can Help in Preventing Childhood Obesity and Metabolic Syndrome?

How acupuncture can help

People with vertigo have the illusion that the environment is moving about them, or that they are moving with respect to the environment.(DTB 2009) The condition usually originates in the peripheral nervous system, for example, due to a disorder of the inner ear such as Ménière's disease, benign paroxysmal positional vertigo (BPPV), or labyrinthitis and vestibular neuritis. It can also be due t...

Housing Price Dynamics in Time and Space: Predictability, Liquidity and Investor Returns

It is widely accepted that aggregate housing prices are predictable, but that excess returns to investors are precluded by the transactions costs of buying and selling property. We examine this issue using a unique data set—all private condominium transactions in Singapore during an eleven-year period. We model directly the price discovery process for individual dwellings. Our empirical results...

Price Informativeness and Investment Sensitivity to Stock Price

The article shows that two measures of the amount of private information in stock price—price nonsynchronicity and probability of informed trading (PIN)—have a strong positive effect on the sensitivity of corporate investment to stock price. Moreover, the effect is robust to the inclusion of controls for managerial information and for other information-related variables. The results suggest tha...

Innovation strategies and stock price informativeness

This paper models the interactions among technological innovation, product market competition and information leakage via the stock market. There are two …rms who compete in a product market and have an opportunity to invest in a risky technology either early on as a leader or later once stock prices reveal the value of the technology. Information leakage thus introduces an option of waiting, w...