haku: @journal_id 789 / yhteensä: 95
viite: 52 / 95
| Tekijä: | Barclay, M. |
| Otsikko: | The effects of transaction costs on stock prices and trading volume |
| Lehti: | Journal of Financial Intermediation
1998 : APR, VOL. 7:2, p. 130-150 |
| Asiasana: | SHARE PRICES COSTS TRADE |
| Kieli: | eng |
| Tiivistelmä: | The authors study the effects of changes in bid-ask spreads on the prices and trading volumes of shocks that move from Nasdaq to the NYSE or Amex and stocks that move from Amex to Nasdaq. When stocks move from Nasdaq to an exchange, their spreads typically decrease, but the reduction in spreads is larger when Nasdaq market makers avoid odd-eighth quotes. When stocks move from Amex to Nasdaq, their spreads typically increase, but again, the increase i increase is larger when Nasdaq market maker avoid odd eights. |
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