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Giglio et al., 2014 - Google Patents

No news is news: do markets underreact to nothing?

Giglio et al., 2014

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Document ID
6738602229546198693
Author
Giglio S
Shue K
Publication year
Publication venue
The Review of Financial Studies

External Links

Snippet

As illustrated in the tale of “the dog that did not bark,” the absence of news and the passage of time often contain information. We test whether markets fully incorporate this information using the empirical context of mergers. During the year after merger announcement, the …
Continue reading at www.nber.org (PDF) (other versions)

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