Open AccessAsymmetric Attention and Stock Returns
Author(s) -
Péter Cziráki,
Jordi Mondria,
Thomas Wu
Publication year - 2020
Publication title -
management science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.954
H-Index - 255
eISSN - 1526-5501
pISSN - 0025-1909
DOI - 10.1287/mnsc.2019.3460
Subject(s) - unobservable , information asymmetry , stock (firearms) , economics , portfolio , financial economics , aggregate (composite) , econometrics , private information retrieval , microeconomics , mathematics , statistics , mechanical engineering , materials science , engineering , composite material
This paper constructs a new measure of attention allocation by local investors relative to nonlocals using aggregate search volume from Google. We first present a conceptual framework in which loca...
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