Essays on imperfect information in financial markets
File(s)
Author(s)
Yang, Yangshen
Type
Thesis or dissertation
Abstract
Built upon the literature on investor limited attention, the next two chapters of this thesis explore the effects of product market advertising in the stock market where we use advertising expenditure as a proxy for investor attention. Next, we study the incentives of sell-side financial analysts, who play an important role in collecting costly private information and reducing the degree of information asymmetries in financial markets.
Version
Open Access
Date Issued
2015-12
Date Awarded
2016-03
Advisor
Chemla, Gilles
Publisher Department
Business School
Publisher Institution
Imperial College London
Qualification Level
Doctoral
Qualification Name
Doctor of Philosophy (PhD)