Accepted by Haresh Sapra. We appreciate the constructive comments from an anonymous referee. We benefit from discussions with Hengjie Ai, Jeremy Bertomeu, Alexander Bleck, Philip Bond, Doug Diamond, Pingyang Gao, Raffi Indjejikian, Brian Mittendorf, Katherine Schipper, Vish Viswanathan, and Jiang Wang. We thank workshop participants at Carnegie Mellon University, Duke University, Ohio State University, Purdue University, Shanghai Advanced Institute of Finance, Shanghai University of Finance and Economics, Stanford University, the Washington Area Accounting Conference, University of Chicago, University of Michigan, University of Minnesota, University of Pennsylvania Wharton School, and Xiamen University. The authors acknowledge the financial support from their respective institutions. Chen also acknowledges the support from Tsinghua University, where part of the research was conducted during his visit there.
The Effects of Public Information with Asymmetrically Informed Short-Horizon Investors
Article first published online: 28 APR 2014
Copyright ©, University of Chicago on behalf of the Accounting Research Center, 2014
Journal of Accounting Research
Volume 52, Issue 3, pages 635–669, June 2014
How to Cite
CHEN, Q., HUANG, Z. and ZHANG, Y. (2014), The Effects of Public Information with Asymmetrically Informed Short-Horizon Investors. Journal of Accounting Research, 52: 635–669. doi: 10.1111/1475-679X.12052
- Issue published online: 28 APR 2014
- Article first published online: 28 APR 2014
- Accepted manuscript online: 6 MAR 2014 12:15PM EST
- Manuscript Accepted: 23 FEB 2014
- Manuscript Received: 20 JUN 2012
- Tsinghua University
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