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Keywords: stock price idiosyncratic volatilityClose
AUDITING: A Journal of Practice & Theory (2016) 35 (2): 147–166.
Published: 01 May 2016
... and thus affects the amount of firm-specific information that is included in stock prices by investors. Based on a sample of U.S. firms from 2003 to 2012, we show that longer tenure is associated with higher stock price idiosyncratic volatility. Further analyses reveal that this effect is only present...