Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/38767
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
BERG Working Paper Series on Government and Growth No. 64
Verlag: 
Bamberg University, Bamberg Economic Research Group on Government and Growth (BERG), Bamberg
Zusammenfassung: 
This study seeks to explore, how market efficiency changes, if ordinary traders receive fundamental news more or less often. We show that longer temporal information gaps lead to fewer but larger shocks and a reduction of the average noise level on the dynamics. The consequences of these effects for market efficiency are ambiguous. Longer temporal information gaps can deteriorate or improve market efficiency. The concrete result depends on the stability of the market together with the interval in which the length of the gap is incremented.
Schlagwörter: 
Temporal information gaps
market efficiency
disclosure policy
agent-based financial market models
technical and fundamental analysis
JEL: 
G12
G14
ISBN: 
978-3-931052-71-3
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
567.5 kB





Publikationen in EconStor sind urheberrechtlich geschützt.