Plausibly Exogenous [1198] - Information Processing (05/14/2023)
LHS Variable
Post-announcement returns
RHS Variable
Investor information processing capacity
Source of Exogenous Variation
Number of announcements by firms outside the subject firm's one-digit industry as a source of plausibly exogenous variation in investor processing capacity
- Neilson (2022), “Investor information gathering and the resolution of uncertainty”