Plausibly Exogenous [694] - Stock Market (12/13/2021)
LHS Variable
Firm productivity
RHS Variable
Stock price informativeness
Source of Exogenous Variation
Brokerage closures, S&P 500 additions, and mutual fund redemptions as exogenous shocks to stock price informativeness
- Bennett, Stulz, and Wang (2020), “Does the stock market make firms more productive?”