A critical debate exists around the extent to which retail investors do, or should, invest in socially responsible investments. We provide evidence relevant to this debate by investigating the aggregate trading patterns of retail investors around a …
The perceived informational value of financial disclosures is a source of considerable regulatory and academic debate in the municipal setting. In this paper, we examine the extent to which post-issuance municipal financial disclosures have …
We study how global changes in information acquisition costs affect price informativeness. To provide evidence on this issue, we examine worldwide adoptions of centralized electronic disclosure systems. Despite broadening the dissemination of …