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Limited investor attention and biased reactions to information: Evidence from the COVID-19 pandemic

We find that the COVID-19 pandemic increases (decreases) stock return sensitivity to market-wide (firm-specific) news, which is associated with return reversals (delayed reactions). These results are consistent with limited investor attention and investors paying heightened (reduced) attention to ma...

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Detalles Bibliográficos
Autores principales:	Xu, Liao, Zhang, Xuan, Zhao, Jing
Formato:	Online Artículo Texto
Lenguaje:	English
Publicado:	Elsevier B.V. 2023
Materias:	Article
Acceso en línea:	https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9187315/ http://dx.doi.org/10.1016/j.finmar.2022.100757

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