Asymmetrical Information in Securities Markets and Trading Volume

摘要: Unequal costs of obtaining and processing information may lead to trading securities wealth redistributions among investors. Those investors with easy access about a firm be able profit from prior knowledge the before public release. Public policy making bodies such as SEC have attempted alleviate this phenomenon by promoting disclosure through litigation regulation activities insiders. Whether these procedures been successful in curtailing due privileged is still open debate. Academicians also concerned resolving existence asymmetrically distributed “efficient markets.” In spite social academic importance phenomenon, there has little empirical work area. This primarily lack testable theoretical framework explaining investor behavior markets asymmetric distribution. The ensuing paper provides tentative theory on well an investigation theory.