The Relative Informational Efficiency of Stocks and Bonds: An Intraday Analysis

By Chris Downing, S. Underwood, Yuhang Xing. Journal of Financial and Quantitative Analysis, 2007

133 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/6410c9dcd8daa492de837eae226446a2111990d2

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In Finance

1. Sattar A. Mansi
2. Ambrus Kecskés
3. F. Derrien
4. Rustom M. Irani
5. David Oesch
6. Chen Lin
7. Tao Chen
8. Samuli Knüpfer

Citations in the corpus

• Policy uncertainty, investment, and the cost of capital (2018, unknown): “This result is consistent with prior findings that stock and bond markets are similar in terms of informational efficiency once institutional trade dominance and other specific bond trading features are accounted for (Downing et al., 2009; Ronen and Zhou, 2013; Tsai, 2014).”
• Information Asymmetry, the Cost of Debt, and Credit Events: Evidence from Quasi-Random Analyst Disappearances (2016, background): “This is important because 1 E.g., see Leland and Pyle (1977), Stiglitz and Weiss (1981), Diamond (1985), Merton (1987), and Duffie and Lando (2001).”