Tag Archives: stock return volatility

Learning about CEO Ability

From Yihui Pan, Tracy Yue Wang, and Michael Weisbach: When there is uncertainty about a CEO’s quality, news about the firm causes rational investors to update their expectation of the firm’s value for two reasons: Updates occur because of the direct effect of … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , | Leave a comment