haku: @journal_id 800 / yhteensä: 148
viite: 107 / 148
| Tekijä: | Handa, P. Schwartz, R. |
| Otsikko: | Dynamic price discovery |
| Lehti: | Review of Quantitative Finance and Accounting
1996 : VOL. 7:1, p. 5-28 |
| Asiasana: | PRICES RETURN ON INVESTMENT ACCOUNTING |
| Kieli: | eng |
| Tiivistelmä: | This article analyzes the dynamic process of price discovery in a competitive securities market where investors are equally informed about the fundamental determinants of an asset's end-of-period value but, because they do not know each other's wealth positions, do not know the equilibrium price of shares at the start of a current trading session. Because a large number of participants is assumed, issues concerning market impact and market manipulation are avoided, states the author of this article. |
SCIMA