Discussion of delegated trade and the pricing of public and private information

Matthew J. Bloomfield and Robert Bloomfield

Journal of Accounting and Economics, 2015, vol. 60, issue 2, 104-109

Abstract: Taylor and Verrecchia (2015) show that idiosyncratic risk can be priced in efficient but imperfectly competitive equity markets. We discuss how the model is structured, how it might apply to the pricing of financial reporting quality, and how empiricists might test its predictions.

Keywords: Imperfect competition; Risk premium; Expected returns; Accounting quality; Idiosyncratic risk; Asset-pricing tests (search for similar items in EconPapers)
JEL-codes: G1 G11 G12 G14 G3 G31 M4 M41 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165410115000646
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jaecon:v:60:y:2015:i:2:p:104-109

DOI: 10.1016/j.jacceco.2015.09.001

Access Statistics for this article

Journal of Accounting and Economics is currently edited by J. L. Zimmerman, S. P. Kothari, T. Z. Lys and R. L. Watts

More articles in Journal of Accounting and Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().