Has local informational advantage disappeared?
This study examines how changes in the information environment affect the informational advantage of geographically proximate agents. We find that the long-term advantage of local agents disappeared at the turn of the millennium. This is accompanied by the reduction in local bias of institutional in...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2016
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5218 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6217/viewcontent/SSRN_id2772127.pdf |
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| Institution: | Singapore Management University |
| Language: | English |