We find that innovative efficiency (IE), patents or citations scaled by research and
development expenditures, is a strong positive predictor of future returns after controlling for …

Recent studies propose that limited investor attention causes market underreactions. This
paper directly tests this explanation by measuring the information load faced by investors …

We investigate, in a theoretical framework, the joint role played by investors' attention to
news and learning uncertainty in determining asset prices. The model provides two main …

Gold is a prominent safe haven asset but risky compared to other safe haven assets such as
US government bonds. We identify unique features of gold that explain why investors under …

Research summary: We study how two dimensions of reputation (ie, generalized favorability
and being known) and attribution of crisis responsibility affect firm value at the onset of a …

The purpose of this paper is to examine the dynamic relationship between retail investor
attention and stock liquidity. Using high-frequency data for China's stock market, we find that …

Investor attention is an emergent area in financial scholarship. However, no review till date
offers a comprehensive retrospection of this research domain. To address this gap, we …

We provide novel evidence for an equilibrium link between investors' disagreement, the
market price of volatility and correlation, and the differential pricing of index and individual …

Prior studies suggest that investors have limited attention. Tests of the inattention hypothesis
have been performed in the context of relatively small corporate events, particularly earnings …

We study the relationship between investors' active attention, measured by a Google search
volume index (SVI), and the dynamics of currency prices. Investor attention is correlated with …