We propose a direct measure of abnormal institutional investor attention (AIA) using news
searching and news reading activity for specific stocks on Bloomberg terminals. AIA is highly …

Purpose This study aims to systematically review the literature in the fields of liquidity,
informational efficiency and default risk. The authors outline the key research streams and …

What moves stock prices? Prior literature concludes that the revelation of private information
through trading, and not public news, is the primary driver. We revisit the question by using …

We document distinctly different clientele effects on investor attention and return responses
to information. Macro news crowds out retail investor attention to firms' earnings news by …

We study the dynamic relations between the direct exchange rate of fiat currencies and the
rate implied by bitcoin prices. The empirical results show the deviation between actual and …

Despite research showing investor attention is especially impacting on Bitcoin, strangely,
there is little research focusing on Bitcoin regarding market reactions to information shocks …

This study shows that the dominance of the overlapping trading hours of London and New
York in the price discovery of the EUR/USD and USD/JPY markets only applies on days with …

This study investigates whether firms with fraudulent financial reporting time their earnings
announcements strategically and finds that fraudulent firms are more likely to disclose their …

We examine the effect of options trading volume on the stock price response to earnings
announcements over the period 1996–2007. Contrary to previous studies, we find no …

We examine the speed and mechanism of the price discovery process following earnings
announcements in the after‐hours market, a very illiquid trading environment. Prices reflect …