Video: Revisiting the Impact of Public Information on Equity Prices

Clara Vega - Senior Economist - Federal Reserve | February 24, 2014

Clara has studied the relationship between public news and equity price movements.

How much does firm-specific, public news explain daily equity price variation? What is the importance of firm-specific news in explaining asset price movements variations across firms, across time, and across news types?

Clara discusses possible theoretical explanations for the findings and proposes a new measure of firm's transparency and shows its relationship to the firm's cost of capital.

Presentation held at the RavenPack 2nd Annual Research Symposium, New York, February 24th 2014.



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