Under information asymmetry, the spread effect of brands can be found in products market.

信息不对称情况下，产品市场存在着品牌的扩散效应。

youdao

This study attempts to explore the efficiency of information transfer in China stock market by analysis of the trading and non trading time effect and the weekday effect.

通过对交易时间与非交易时间效应及周日效应的分析，对中国股票市场信息传递效率的问题展开实证研究。

youdao

So I use behavioral explanation to explain the BM effect: the BM effect is only because market overreaction to intangible information.

从行为金融方向解释，认为账面市值比效应是市场对账面市值比指标中包含的无形信息过度反应的结果。

youdao

The net effect is that the market for information is generating more bad news, both absolutely and as a proportion of all news.

FORBES: How The Media Missed Enron