Article ID Journal Published Year Pages File Type
5086599 Journal of Accounting and Economics 2015 6 Pages PDF
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
Related Topics
Social Sciences and Humanities Business, Management and Accounting Accounting
Preview
Discussion of delegated trade and the pricing of public and private information
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