Private Information Research Papers - Academia.edu (original) (raw)

This paper presents some new evidence on the conflict of interest that may arise when banks underwrite corporate securities and sell them to their customers. Two alternative views are confronted; a) that commercial banks possess private... more

This paper presents some new evidence on the conflict of interest that may arise when banks underwrite corporate securities and sell them to their customers. Two alternative views are confronted; a) that commercial banks possess private information on the financial condition of their clients and so perform better screening (the certification hypothesis); and b) that commercial banks might convert loans

We investigate the potential uncertainty-reducing role of accounting information in the context of contingent Superfund liability valuation. We first develop theoretical arguments for the way reduction of uncertainty regarding these... more

We investigate the potential uncertainty-reducing role of accounting information in the context of contingent Superfund liability valuation. We first develop theoretical arguments for the way reduction of uncertainty regarding these contingent liabilities is expected to affect security prices. Empirical proxies are developed for two types of uncertainty surrounding contingent Superfund liabilities: site uncertainty and allocation uncertainty. In a valuation framework,

This article presents a theoretical approach that may be used to understand the way individuals regulate disclosure of private information. The communication boundary management perspective, while more generally applicable, in this... more

This article presents a theoretical approach that may be used to understand the way individuals regulate disclosure of private information. The communication boundary management perspective, while more generally applicable, in this presentation focuses on the way marital couples manage talking about private matters with each other. This theoretical perspective presents a boundary coordination process representing couples’management of communication boundaries in balancing a need for difclosure with the need for privacy. The theory identifies the prerequisite conditions for disclosure and the message strategies a disclosing spouse may use to tell private information, as well as the strategic messages the marital partner may use to reply. In addition, a proposal for the way the disclosing spouse and receiving partner manage the coordination of their communication boundaries is presented.

In this study, we test whether the overconfidence bias explains several stylized market anomalous, including a short-term continuation (momentum), a long-term reversal in stock returns, high levels of trading volume and excessive... more

In this study, we test whether the overconfidence bias explains several stylized market anomalous, including a short-term continuation (momentum), a long-term reversal in stock returns, high levels of trading volume and excessive volatility. Using data of French stocks market, we find empirical evidence in support of overconfidence hypothesis. First, based on a restricted VAR framework, we show that overconfident investors overreact to private information and underreact to public information. Second, by performing Granger-causality tests of stock returns and trading volume, we find that overconfident investors trade more aggressively in periods subsequent to market gains. Third, based on a two GARCH specifications, we show that self attribution bias, conditioned by right forecasts, increases investors overconfidence and trading volume. Fourth, the analysis of the relation between return volatility and trading volume shows that the excessive trading of overconfident investors makes a...

Organizations are increasingly relying on Internet searches and social networking websites to uncover detailed and private information about job applicants. Such Internet screening techniques have the potential to provide additional... more

Organizations are increasingly relying on Internet searches and social networking websites to uncover detailed and private information about job applicants. Such Internet screening techniques have the potential to provide additional information beyond that found using traditional screening approaches. However, questions regarding the legality and appropriateness of this practice, as well as issues regarding the standardization, reliability, and validity of the information obtained, need to be addressed. The current work describes these issues associated with Internet screening and provides recommendations to help ensure this practice is used appropriately in organizations. Suggestions for future research on Internet screening are also discussed.

We study experimental markets where privately informed traders exchange simple assets, and where uninformed third parties are asked to forecast the values of these assets, guided only by market prices. Although prices only partially... more

We study experimental markets where privately informed traders exchange simple assets, and where uninformed third parties are asked to forecast the values of these assets, guided only by market prices. Although prices only partially aggregate information, they significantly ...

Various contracts may coordinate a simple supplier- retailer channel, yet the contracts proposed in prior research and tested in a laboratory setting do not perform as standard theory predicts. The supplier, endowed with all bargaining... more

Various contracts may coordinate a simple supplier- retailer channel, yet the contracts proposed in prior research and tested in a laboratory setting do not perform as standard theory predicts. The supplier, endowed with all bargaining power, can neither fully coordinate the channel nor extract all of the channel profit. Bargaining experiments therefore have resulted in the development of social preference

Online social networking offers a new, easy and inexpensive way to maintain already existing relationships and present oneself to others. However, the increasing number of actions in online services also gives a rise to privacy concerns... more

Online social networking offers a new, easy and inexpensive way to maintain already existing relationships and present oneself to others. However, the increasing number of actions in online services also gives a rise to privacy concerns and risks. In an attempt to understand the factors, especially privacy awareness, that influence users to disclose or protect information in online environment, we view privacy behavior from the perspectives of privacy protection and information disclosing. In our empirical study, we present results from a survey of 210 users of Facebook. Our results indicate, that most of our respondents, who seem to be active users of Facebook, disclose a considerable amount of private information. Contrary to their own belief, they are not too well aware of the visibility of their information to people they do not necessarily know. Furthermore, Facebook’s privacy policy and the terms of use were largely not known or understood by our respondents.