2026-09-20T07:00:54Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/973162026-06-16T18:16:09Zcom_1721.1_7582com_1721.1_7581col_1721.1_131022
John Core and Rodrigo Verdi.
Naranjo, Patricia L. (Naranjo Olivares)
Sloan School of Management.
Sloan School of Management
2015-06-10T19:08:45Z
2015-06-10T19:08:45Z
2014
2014
http://hdl.handle.net/1721.1/97316
910254840
Thesis: Ph. D. in Management, Massachusetts Institute of Technology, Sloan School of Management, 2014.
Cataloged from PDF version of thesis.
Includes bibliographical references (pages 37-39).
This paper shows that the information environment is an important determinant of private information acquisition and changes in information asymmetry around earnings announcements. I create a sample of earnings announcements from 39 countries and investigate whether firm and country-level variation in the information environment affects private information acquisition. To do this, I examine the level of information asymmetry before and during earnings announcements. A stronger firm-level information environment is (1) negatively related to changes in pre-event information asymmetry and (2) positively related to changes in event period information asymmetry. Similarly, a stronger country-level information environment is associated with the firm-level information environment having a stronger effect on information asymmetry before the announcement and a weaker effect during the announcement.
by Patricia L. Naranjo.
Ph.D. in Management
57 pages
eng
Massachusetts Institute of Technology
M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.
http://dspace.mit.edu/handle/1721.1/7582
Sloan School of Management.
How does the information environment affect information asymmetry around earnings announcements?
Thesis
application/pdf
Publication
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