The Impact of Regulation Fair Disclosure on Information Asymmetry and Trading: An Intraday Analysis

• Main Authors: CHIYACHANTANA, Chiraphol New, Taechapiroontong, Nareerat, JIANG, Christine X., Wood, Robert A.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2004
• Subjects: Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/1087; https://doi.org/10.1111/j.0732-8516.2004.00088.x
• Institution: Singapore Management University

This study examines the impact of Regulation Fair Disclosure (FD) on liquidity, information asymmetry, and institutional and retail investors trading behavior. Our main findings suggest three conclusions. First, Regulation FD has been effective in improving liquidity and in decreasing the level of i...