Journal of Financial and Quantitative Analysis Vol. 9 No. 5 1974
The Value of Risk-Reducing Information
Abstract
It has been suggested that information has the three following uses:1. Information can be employed to earn trading profits.2. Information can improve the operating decisions of a firm or group of firms and thereby increase the stock price.3. Information can reduce the risk of a firm or group of firms and thereby increase the stock price.
- DOI
- 10.2307/2329655
- Volume
- 9
- Issue
- 5
- Pages
- 697
- Sources
- crossref openalex