Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 26, 2015 erstellt
Beschreibung:
This paper explores whether information asymmetry in equity markets is a determinant of information diffusion from currency markets. It provides evidence that price delay attributed to currency information is different than price delay attributed to the market risk premium. Furthermore, information asymmetry is a determinant of price delay and price delay attributed to currency information produces abnormal returns of 6.32% per year