No. 54-3, August 2019

Index

• Asymmetric news responses of high‐frequency and non‐high‐frequency traders
• Does increased hedging lead to decreased price efficiency? The case of VIX ETPs and VIX futures
• Heterogeneity in the Effect of Managerial Equity Incentives on Firm Value
• How Firms Use Director Networks in Setting CEO Pay
• Increasing the Tick: Examining the Impact of the Tick Size Change on Maker‐Taker and Taker‐Maker Market Models
• Issue Information
• Tiered Information Disclosure: An Empirical Analysis of the Advance Peek into the Michigan Index of Consumer Sentiment