Abstract Information regarding firms' data assets and stock pricing has been more closely
related when data is integrated into firms' value creation processes. However, since data …

Institutional investors often visit corporate sites to conduct first-hand assessments of firms'
business operations and management quality. We find that corporate site visits contribute …

In a world of increasingly extensive information, rational investors can make better
decisions. However, reinforcement-oriented investors are also more likely to observe …

We provide an investment-based explanation for the dispersion anomaly. The firms'
optimality condition predicts that expected stock returns equal investment returns (the ratio of …

Sell-side analysts, often maligned by the media and investors, nevertheless play an
important role in the equities markets. Elgers, Lo and Pfeiffer (2001) 4 note that “low financial …

In a world of increasingly extensive information, rational investors can make better
decisions. However, reinforcement-oriented investors are also more likely to observe …