Information ambiguity and firm value

Katrin Hussinger and Sebastian Pacher

Applied Economics Letters, 2015, vol. 22, issue 10, 843-847

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 article provides an empirical test.

Date: 2015
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DOI: 10.1080/13504851.2014.982848

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