Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/103547 
Year of Publication: 
2014
Series/Report no.: 
ZEW Discussion Papers No. 14-093
Publisher: 
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim
Abstract: 
A recent theoretical model by Epstein and Schneider (2008) predicts that a firm's assets will be undervalued by the market if the information surrounding these assets is ambiguous. The model further predicts that this effect is amplified if the underlying fundamentals are volatile. This paper provides an empirical test.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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