Vertical Information Transfers: The Association between Retailers' Sales Announcements and Suppliers' Security Returns
研究零售商发布销售公告后，其供应商的股票价格是否随之变动，发现供应商的证券回报与零售商的销售公告显著相关，表明信息沿供应链垂直传递。
Chris Olsen, J. Richard Dietrich, Vertical Information Transfers: The Association between Retailers' Sales Announcements and Suppliers' Security Returns, Journal of Accounting Research, Vol. 23, Studies on Accounting Earnings and Security Valuation: Current Research Issues (1985), pp. 144-166