Review of Financial Studies
1465-7368
0893-9454
Anh Quốc
Cơ quản chủ quản: Oxford University Press , OXFORD UNIV PRESS INC
Lĩnh vực:
FinanceAccountingEconomics and Econometrics
Phân tích ảnh hưởng
Thông tin về tạp chí
The Review of Financial Studies is a major forum for the promotion and wide dissemination of significant new research in financial economics. As reflected by its broadly based editorial board, the Review balances theoretical and empirical contributions. The primary criteria for publishing a paper are its quality and importance to the field of finance, without undue regard to its technical difficulty. Finance is interpreted broadly to include the interface between finance and economics. The Review is sponsored by The Society for Financial Studies. The editors of the Review and officers of the Society are elected for limited terms.
Các bài báo tiêu biểu
Trust and Credit: The Role of Appearance in Peer-to-peer Lending
Tập 25 Số 8 - Trang 2455-2484 - 2012
Asymmetric Information and the Medium of Exchange in Takeovers: Theory and Tests
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Asymmetric or Incomplete Information about Asset Values? Abstract We provide a new framework for using text as data in empirical models. The framework identifies salient information in unstructured text that can control for multidimensional heterogeneity among assets. We demonstrate the efficacy of the framework by reexamining principal-agent problems in residential real estate markets. We show that the agent-owned premiums reported in the extant literature dissipate when the salient textual information is included. The results suggest the previously reported agent-owned premiums suffer from an omitted variable bias, which prior studies incorrectly ascribed to market distortions associated with asymmetric information. (JEL D82, G14, R00) Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.
Tập 33 Số 7 - Trang 2898-2936 - 2020