Public and Private Information Channels along Supply Chains: Evidence from Contractual Private Forecasts

2020 ◽  
Author(s):  
Brian J. Bushee ◽  
Jessica Kim-Gina ◽  
Edith Leung
Keyword(s):  
Supply Chains ◽  
Private Information ◽  
Public And Private ◽  
Information Channels

The Public and Private Information Sources of Volatility

2011 ◽  
Author(s):  
Anne Opschoor ◽  
Michel van der Wel ◽  
Dick J. C. van Dijk ◽  
Nicholas Taylor
Keyword(s):  
Private Information ◽  
Information Sources ◽  
Public And Private ◽  
The Public

scholarly journals Delegated trade and the pricing of public and private information

2015 ◽  
Vol 60 (2-3) ◽  
pp. 8-32 ◽  
Author(s):  
Daniel J. Taylor ◽  
Robert E. Verrecchia
Keyword(s):  
Private Information ◽  
Public And Private

Why Do IPO Offer Prices Only Partially Adjust?

2014 ◽  
Vol 04 (03) ◽  
pp. 1450009 ◽  
Author(s):  
Özgür Ş. İnce
Keyword(s):  
Initial Public Offering ◽  
Private Information ◽  
Information Acquisition ◽  
Structural Model ◽  
Public Information ◽  
Public And Private ◽  
New Information ◽  
Pricing Process ◽  
Ipo Pricing ◽  
Public Offering

This study develops a structural model of the initial public offering (IPO) pricing process that enables the estimation of adjustment rates for public and private pricing information gathered during bookbuilding. The estimated upward adjustment rate of public information is only 21%, significantly less than the 28% rate of private information. Adjustment rates decline towards the IPO date, especially for upward adjustments. The findings contradict information acquisition theories that predict a complete adjustment to public information and highlight the inefficiency of the IPO bookbuilding mechanism in handling new information even when information is publicly available and especially when it is favorable.

Sign in / Sign up

Export Citation Format

Share Document