The Information in Asset Fire Sales

The authors thank Gustavo Manso (the editor), an anonymous associate editor, two anonymous referees, Niclas Andren, Elena Asparouhova, Hank Bessembinder, Ekkehart Boehmer, Joshua Coval, Stephen G. Dimmock, James Dow, Joey Engelberg, Vyacheslav Fos (Western Finance Association discussant), Ivalina Kalcheva, Pablo Kurlat, Michelle Lowry, Abhiroop Mukherjee, Nathan Seegert, Matt Spiegel, Malcolm Wardlaw, and Hong Zhang and participants at the 2016 Asian Bureau of Finance and Economic Research Conference, the 2016 China International Conference in Finance, the 2016 European Finance Association Annual Meeting, the 2016 Great China Area Finance Conference, the 2016 Olin Wealth & Asset Management Research Conference, the 2016 University of Tennessee Smokey Mountain Finance Conference, the 2017 Western Finance Association Annual Meeting, and seminar participants at the University of Washington and Washington University in St. Louis. All errors are the authors’ own.