The Investigation of Information Risk Pricing; Evidence from Adjusted Probability of Informed Trading Measure
Information asymmetry is one of the most important uncertainties that investors are faced with. Empirical evidence states that information asymmetry is undiversifiable; hence, it’s expected to be priced and have an effect on the expected rate of return. The probability of informed trading (PIN) is t...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
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University of Tehran
2017-09-01
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| Series: | تحقیقات مالی |
| Subjects: | |
| Online Access: | https://jfr.ut.ac.ir/article_66360_54730464fefe5f5452db3c292dcbdfed.pdf |