(all IPs) and unique Ips. • This increase is especially so for low-visibility firms as compared to high-visibility firms (as proxied by the bid-ask spread). Interpretation • When the firm has news to be
reading, and (3) promoting the use of an interactive channel, if appropriate, such as app-based information service to better suit investors? digital lifestyles.The consultation paper is available at
in an audiovisual format in a bid to respond to the changing behaviors of investors, who tend to use the Internet more as a channel to receive information and do not spend as much time on reading
interpretation of the “Executive” in relation to “person holding executive position in Accounting or Finance Department whose rank is not lower than departmental manager” Regarding the Notification of the
the Internet, and the inconvenience for thorough reading of lengthy registration statements and prospectuses.The proposal is not expected to add much compliance cost because in practice issuers tend to
investment through a website or any other electronic media which may be securities analysis in a personal article accessible for the general public’s perusal or sharing of opinions on investment through a
a website or any other electronic media which may be securities analysis in a personal article accessible for the general public’s perusal or sharing of opinions on investment through a website in the
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complaints ADDITIONAL FINDINGS: DAMAGES • Alleged Damages: 22% to 67% higher • Less likely to be denied damages • Awarded Damages: Larger $ damages recovered INTERPRETATION Supports the Misconduct hypothesis