haku: @indexterm INFORMATION ECONOMICS / yhteensä: 126
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| Tekijä: | Pascual, R. Escribano, A. Tapia, M. |
| Otsikko: | Adverse selection costs, trading activity and price discovery in the NYSE: an empirical analysis |
| Lehti: | Journal of Banking and Finance
2004 : JAN, VOL. 28:1, p. 107-128 |
| Asiasana: | Microeconomics International trade Stock exchanges Adverse selection Costs Information economics |
| Vapaa asiasana: | High-frequency data |
| Kieli: | eng |
| Tiivistelmä: | The results of this study show that price discovery is faster after risky trades and also at the extreme intervals of the session. The quote adjustment to trade-related shocks is progressive and this causes risk presistency and unusual short-term market conditions. |
SCIMA