Electronic Resource
Oxford, UK
:
Blackwell Publishing Ltd
European financial management
2 (1996), S. 0
ISSN:
1468-036X
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
We show that liquidity providers do not significantly respond to changes in information asymmetry risks, at least when we analyse their trading behaviour around dividend announcements of a representative sample of stocks in a continuous auction trading mechanism. the implicit bid-ask spread does not seem to change beyond what is normally conveyed through an increased number of transactions. We also document that the information in the trading behaviour of investors is primarily contained in the number of daily transactions.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1468-036X.1996.tb00028.x
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