<oai_dc:dc xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd">
  <dc:contributor>Franzoni, Francesco</dc:contributor>
  <dc:creator>Mano, Nicola</dc:creator>
  <dc:date>2022</dc:date>
  <dc:description xmlns:ns0="xml" ns0:lang="en">The dissertation consists of three essays in the fields of information and market efficiency. In the first chapter, I show that institutional investors exhibit and exploit an informational advantage that allows them to trade profitably on the stock market ahead of FOMC meetings. These findings contribute to an information-based explanation of the pre-FOMC drift and have large policy implications. In the second chapter, co-authored with Sirio Aramonte, we investigate the liquidity supply ecosystem in the corporate bond market, with a focus on insurance companies. Our work suggests that policy efforts to address mutual-fund fragility should consider insurance companies as important players in the liquidity provision ecosystem. In the third chapter, co-authored with Laurent Frésard, Silvia Dalla Fontana, and Roberto Tubaldi, we focus on the relationship between sell-side analysts and sustainability, shedding light on the consequences on firms’ information environment of the increasing demand for sustainability.</dc:description>
  <dc:format>application/pdf</dc:format>
  <dc:identifier>https://susi.usi.ch/global/documents/321177</dc:identifier>
  <dc:identifier>https://n2t.net/ark:/12658/srd1321177</dc:identifier>
  <dc:identifier>https://susi.usi.ch/documents/321177/files/2022ECO004.pdf</dc:identifier>
  <dc:language>eng</dc:language>
  <dc:relation>info:eu-repo/semantics/altIdentifier/urn/urn:nbn:ch:rero-006-121219</dc:relation>
  <dc:relation>info:eu-repo/semantics/altIdentifier/ark/12658/srd1321177</dc:relation>
  <dc:rights>info:eu-repo/semantics/openAccess</dc:rights>
  <dc:rights>License undefined</dc:rights>
  <dc:subject xmlns:ns1="xml" ns1:lang="en">Institutional investors</dc:subject>
  <dc:subject xmlns:ns2="xml" ns2:lang="en">FOMC</dc:subject>
  <dc:subject xmlns:ns3="xml" ns3:lang="en">Monetary policy</dc:subject>
  <dc:subject xmlns:ns4="xml" ns4:lang="en">Federal reserve</dc:subject>
  <dc:subject xmlns:ns5="xml" ns5:lang="en">Communication</dc:subject>
  <dc:subject xmlns:ns6="xml" ns6:lang="en">Insurers</dc:subject>
  <dc:subject xmlns:ns7="xml" ns7:lang="en">Mutual funds</dc:subject>
  <dc:subject xmlns:ns8="xml" ns8:lang="en">Liquidity provision</dc:subject>
  <dc:subject xmlns:ns9="xml" ns9:lang="en">Corporate bonds</dc:subject>
  <dc:subject xmlns:ns10="xml" ns10:lang="en">Financial analysts</dc:subject>
  <dc:subject xmlns:ns11="xml" ns11:lang="en">ESG</dc:subject>
  <dc:subject xmlns:ns12="xml" ns12:lang="en">Sustainability</dc:subject>
  <dc:subject>info:eu-repo/classification/udc/33</dc:subject>
  <dc:title xmlns:ns13="xml" ns13:lang="en">Essays in information and market efficiency</dc:title>
  <dc:type>http://purl.org/coar/resource_type/c_db06</dc:type>
</oai_dc:dc>