The Relation among Disclosure, Returns, and Trading Volume Information
By Oliver Kim, Robert E. Verrecchia. 2001
348 citations recorded by the source corpus.
Subfields: Accounting, Finance, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/58efcc9da087d8d1e3942086fcc3ee29e7a51b47
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- G. Karolyi
- Miguel A. Ferreira
- Nuno Fernandes
- Asli Ascioglu
- Warren Bailey
- Gopal V. Krishnan
- John McDermott
- Orie E. Barron
In Finance
- G. Karolyi
- Miguel A. Ferreira
- Nuno Fernandes
- Asli Ascioglu
- Warren Bailey
- Gopal V. Krishnan
- John McDermott
- Orie E. Barron
In Strategy and Management
- Nuno Fernandes
- Asli Ascioglu
- Warren Bailey
- Gopal V. Krishnan
- John McDermott
- Miguel A. Ferreira
- G. Karolyi
- Orie E. Barron
Citations in the corpus
- The Economic Consequences of Increased Disclosure: Evidence from International Cross-listings (2006, background): “Important contributions include Campbell, Grossman and Wang (1993), Blume, Easley and O’Hara (1994), Wang (1994) and Kim and Verrecchia (2001).”
- Earnings management and market liquidity (2012, methodology): “We also find evidence to support firms with small reported earnings and greater absolute abnormal discretionary expenditures have lower market liquidity as captured by both the Amihud (2002) and the Kim and Verrecchia (2001) liquidity measures.”
- Does International Cross-Listing Improve the Information Environment? (2008, positive): “First, the added reporting and disclosure required by regulators for cross-listing could crowd out or substitute for the collection of private information, so that, on balance, a smaller amount of firm-specific information would be incorporated into stock prices (Kim and Verrecchia, 2001).”
- IFRS reporting, firm-specific information flows, and institutional environments: international evidence (2012, neutral): “…In Veldkamp’s model, information production involves a large amount of fixed cost, and high-demand information has a lower per unit cost of production and thus is available to information users at a lower cost than low-demand information. becomes publicly available (Kim and Verrecchia 2001).”
- Corporate Governance, Idiosyncratic Risk, and Information Flow (2007, background): “…volatility, then we could observe less volatility for high-transparency stocks, since more information flows via lower-frequency accounting releases (as in Kim and Verrecchia (2001)), or more volatility as additional information collection is encouraged (as in Kim and Verrecchia (1991)).”
- Trading Volume Around Earnings Announcements and Other Financial Reports: Theory, Research Design, Empirical Evidence, and Directions for Future Research (2010, positive): “…learn from price, but price reveals private information with noise (e.g., Kyle 1985; Grundy and McNichols 1989; Holthausen and Verrecchia 1990; Kim and Verrecchia 1991a, 1991b, 1994, 1997, 2001; Campbell, Grossman, and Wang 1993; Dontoh and Ronen 1993; Blume, Easley and O’Hara 1994; Demski…”