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Keywords: price impact
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Journal Articles
Journal:
The Accounting Review
The Accounting Review 1–32.
Published: 21 October 2024
...Davide Cianciaruso; Lin Qiu; Wenjie Xue ABSTRACT We study the effects of disclosure in a dynamic market with imperfect competition. The supply of an asset is determined by a large shareholder with price impact, who trades slowly to diversify away from concentrated ownership. Small investors...
