Trading in the Presence of Short-Lived Private Information: Evidence from Analyst Recommendation Changes

Keyphrases

• Private Information 100%
• Analyst Recommendation Changes 100%
• Selling 50%
• Information Acquisition 50%
• Proprietary Information 50%
• De-facto 50%
• Buying 50%
• Asymmetric Information 50%
• Information Model 50%
• Informational Advantage 50%
• Liquidity Provider 50%
• Placebo Test 50%
• Analyst Recommendations 50%
• Liquidity Provision 50%
• Informed Traders 50%
• Trading Strategy 50%
• Trading Patterns 50%
• Trading Liquidity 50%

Economics, Econometrics and Finance

• Private Information 100%
• Investors 50%
• Asymmetric Information 50%