Incentives for Information Production in Markets where Prices Affect Real Investment
By James Dow, Itay Goldstein, Alexander Guembel. 2016
186 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/f84647a5e62f834243542f9d41c959ce1588148a
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Itay Goldstein
- Emre Ozdenoren
- Kathy Yuan
- Xavier Vives
- Bengt R. Holmstrom
- Alex Edmans
- Thierry Foucault
- Amil Dasgupta
In Finance
- Emre Ozdenoren
- Itay Goldstein
- Kathy Yuan
- Liyan Yang
- Xavier Vives
- Alex Edmans
- Bengt R. Holmstrom
- Anna Pavlova
Citations in the corpus
- Securitization, Transparency, and Liquidity (2012, unknown): “Notice that F enters in the same way in expressions (7) and (9) for the issue price.”
- Which Firms Follow the Market? An Analysis of Corporate Investment Decisions (2010, unknown): “First, in Dow and Gorton (1997) and Subrahmanyam and Titman (1999) managers can improve their investment decisions by observing stock-price movements because stock prices contain information that is aggregated from investors who do not communicate directly with firms.”
- Trading Frenzies and Their Impact on Real Investment (2013, background): “Dow, Goldstein, and Guembel (2007) show that the feedback effect generates complementarities in the decision to produce information, but not in the trading decision.6 In different contexts, Goldstein, Ozdenoren, and Yuan (2009) and Angeletos, Lorenzoni, and Pavan (2007) 5Our finding that releasing…”
- Government Intervention and Information Aggregation by Prices: Government Intervention and Information Aggregation by Prices (2015, unknown): “By construction (see (6)), this shock leaves the price unchanged.”