haku: @indexterm transaction costs / yhteensä: 345
viite: 172 / 345
| Tekijä: | Lesmond, D. Ogden, J. Trzcinka, C. |
| Otsikko: | A new estimate of transaction costs |
| Lehti: | Review of Financial Studies
1999 : WINTER, VOL. 12:5, p. 1113-1141 |
| Asiasana: | FINANCE TRANSACTION COSTS REVIEW |
| Kieli: | eng |
| Tiivistelmä: | Transaction costs are important for a host of empirical analyses from market efficiency to international market research. But transaction costs estimates are not always available, or where available, are cumbersome to use and expensive to purchase. The authors present a model that requires only the time series of daily security returns to endogenously estimate the effective transaction costs for any firm, exchange, or time period. |
SCIMA