Final thesis submission - Xu Hong.pdf (2.43 MB)
Essays on Correlated Information Flows and Asset Pricing
thesisposted on 2020-03-17, 05:10 authored by XU HONG
Motivated by the literature that investors have limited attention and are subject to constraints in processing information, this thesis studies investor attention and information processing, and their asset-pricing implications in different contexts. The findings have important implications in addressing return patterns that seem anomalous to traditional finance theories on comovement in asset prices.