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| We show that by timing their decisions corporate insiders can communicate their private information about the firm¡¯s prospects to outside investors.In particular,we show that by accelerating investment,firms with positive private information can make it more costly for firms with negative information to mimic and,hence,get better terms on the securities they issue. |
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°®ÓëÓêÏÂ(½ð±Ò+1): 2012-01-15 12:35:26
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°®ÓëÓêÏÂ(·ÒëEPI+1): 2012-02-01 16:12:45
°®ÓëÓêÏÂ: bb´ú·¢ 2012-02-01 16:12:51
°®ÓëÓêÏÂ(½ð±Ò+1): 2012-01-15 12:35:26
°®ÓëÓêÏÂ(½ð±Ò+1): 2012-01-15 12:35:37
°®ÓëÓêÏÂ: ¹ÄÀøÐ³æ~£¡ 2012-01-15 12:35:50
°®ÓëÓêÏÂ(½ð±Ò+5): 2012-02-01 16:12:41
°®ÓëÓêÏÂ(·ÒëEPI+1): 2012-02-01 16:12:45
°®ÓëÓêÏÂ: bb´ú·¢ 2012-02-01 16:12:51
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