El impacto de la información en los precios: el caso de Blanco y Negro
Blanco y Negro publicly traded allows us to analyze the impact of information on stock prices. Our study analyses the period between 2005 and 2009 which includes nine tournaments. Controlling for the expected game result by using the betting market, we find that investors react asymmetrically to win...
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| Format: | Article |
| Language: | English |
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Universidad de Chile
2009-02-01
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| Series: | Estudios de Administración |
| Online Access: | https://estudiosdeadministracion.uchile.cl/index.php/EDA/article/view/56406 |
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doaj-883848a9ca7642e98d0e033b5229d1642020-11-25T01:58:55ZengUniversidad de ChileEstudios de Administración0717-06530719-08162009-02-01162476310.5354/0719-0816.2009.5640656406El impacto de la información en los precios: el caso de Blanco y NegroLuis AvendañoArturo RodríguezBlanco y Negro publicly traded allows us to analyze the impact of information on stock prices. Our study analyses the period between 2005 and 2009 which includes nine tournaments. Controlling for the expected game result by using the betting market, we find that investors react asymmetrically to wins and losses. Specifically, unexpected losses induce significantly abnormal returns, while unexpected wins or expected results have an insignificant effect on stock performance.https://estudiosdeadministracion.uchile.cl/index.php/EDA/article/view/56406 |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Luis Avendaño Arturo Rodríguez |
| spellingShingle |
Luis Avendaño Arturo Rodríguez El impacto de la información en los precios: el caso de Blanco y Negro Estudios de Administración |
| author_facet |
Luis Avendaño Arturo Rodríguez |
| author_sort |
Luis Avendaño |
| title |
El impacto de la información en los precios: el caso de Blanco y Negro |
| title_short |
El impacto de la información en los precios: el caso de Blanco y Negro |
| title_full |
El impacto de la información en los precios: el caso de Blanco y Negro |
| title_fullStr |
El impacto de la información en los precios: el caso de Blanco y Negro |
| title_full_unstemmed |
El impacto de la información en los precios: el caso de Blanco y Negro |
| title_sort |
el impacto de la información en los precios: el caso de blanco y negro |
| publisher |
Universidad de Chile |
| series |
Estudios de Administración |
| issn |
0717-0653 0719-0816 |
| publishDate |
2009-02-01 |
| description |
Blanco y Negro publicly traded allows us to analyze the impact of information on stock prices. Our study analyses the period between 2005 and 2009 which includes nine tournaments. Controlling for the expected game result by using the betting market, we find that investors react asymmetrically to wins and losses. Specifically, unexpected losses induce significantly abnormal returns, while unexpected wins or expected results have an insignificant effect on stock performance. |
| url |
https://estudiosdeadministracion.uchile.cl/index.php/EDA/article/view/56406 |
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AT luisavendano elimpactodelainformacionenlosprecioselcasodeblancoynegro AT arturorodriguez elimpactodelainformacionenlosprecioselcasodeblancoynegro |
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