Tag Archives: employees

The Role of Employees as Information Intermediaries: Evidence From Their Professional Connections

By | September 14, 2022

Information intermediaries provide or transmit useful information to other parties in the capital market, either because (i) it has not been publicly released, or (ii) it has not been widely disseminated. Therefore, information intermediaries influence a firm’s information environment. For example, institutional investors and analysts help incorporate more earnings-related information into prices during the pre-announcement… Read More »