Seminar 217, Risk Management: The Implication of Information Network in Market Quality and Market Reaction to Public Announcements

Seminar 217, Risk Management: The Implication of Information Network in Market Quality and Market Reaction to Public Announcements

Risk Seminar
Apr 30, 2019, 11:00 AM - 12:30 PM | 1011 Evans Hall | Happening As Scheduled
Speakers: Senyang Zhao, SWUFE (Speaker - Featured)
This research studies the role of information network in market quality and market reaction to public announcements. We propose in this article a three-period rational noisy expected equilibrium model by taking both public and private information into account with an embedded information network structure among market traders. Closed form expressions for market reaction and market quality are...