Firm characteristics and information risk

Liao, Chuan, Lin, Chien-Ting and Xu, Lei 2010, Firm characteristics and information risk, JASSA : Finsia's quarterly journal of applied finance, no. 2, pp. 41-47.

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Title Firm characteristics and information risk
Author(s) Liao, Chuan
Lin, Chien-TingORCID iD for Lin, Chien-Ting
Xu, Lei
Journal name JASSA : Finsia's quarterly journal of applied finance
Issue number 2
Start page 41
End page 47
Total pages 7
Publisher Financial Services Institute of Australasia (FINSIA)
Place of publication Sydney, N.S.W.
Publication date 2010
ISSN 0313-5934
Summary Following the work of Easley et al. (2002) in documenting the effect of private information on cross-sectional stock returns, we examine the relationship between a firm’s fundamental characteristics and its probability of information-based trading (PIN). We find that asset turnover and dividend yields are important firm characteristics that influence a firm’s PIN. The findings also offer an alternative explanation as to why firm characteristics are informative about asset prices.
Language eng
Field of Research 159999 Commerce, Management, Tourism and Services not elsewhere classified
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1.1 Refereed article in a scholarly journal
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Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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