[PDF][PDF] How financial markets create superstars
S Terovitis, V Vladimirov - Available at SSRN 3745622, 2023 - aeaweb.org
Price discovery in financial markets guides the effi cient allocation of resources. Yet we
argue that speculators uninformed about firms' fundamentals can profit from distorting the …
argue that speculators uninformed about firms' fundamentals can profit from distorting the …
Collective activism
A central question in corporate governance is how to provide the public good of monitoring
managers. This paper provides a theoretical analysis that identifies the potential and limits of …
managers. This paper provides a theoretical analysis that identifies the potential and limits of …
Signaling with Private Monitoring
G Cisternas, A Kolb - Review of Economic Studies, 2024 - academic.oup.com
We study dynamic signalling when the sender does not see the signals that her actions
generate. The sender then uses her past play to forecast what a receiver believes, in turn …
generate. The sender then uses her past play to forecast what a receiver believes, in turn …
Power Tussle: Hedge Fund Activists and Short Sellers
We study events in which activist hedge funds and short sellers target the same stock using
unique European data on activism and mandatory disclosures of large short positions. The …
unique European data on activism and mandatory disclosures of large short positions. The …