The Curious Incident of the Absence of News…and How it Matters for Prices
[This is another of a series of editorials by Executive Editor Andrew Karolyi at the Review of Financial Studies featuring forthcoming or recent papers at the journal. This editorial features “No News is News: Do Markets Underreact to Nothing?” by the University of Chicago Booth’s Stefano Giglio and Kelly Shue, lead article in Issue 27 (12) for December 2014. It was selected as an Editor’s Choice article on the Oxford University Press… Read More »The Curious Incident of the Absence of News…and How it Matters for Prices