RT Book, Section
T1 Adverse selection, volume, and transactions around dividend announcements in a continuous auction system
A1 Rubio, Gonzalo
A1 Tapia, Mikel
AB We show that liquidily providers do nol significantly respond lo changes in informationasymmelry risks, al leasl when we analyze lheir lrading behavior around dividendannouncemenls of a representali ve sample of stocks in a continuous auction iradingmechanism. The implicit bid-ask spread does nol seem lo change beyond what is normallyconveyed through an increased number of transactions. We also document tha! ¡heinformation in the trading behavior of investors is primarily contained in the number ofdaily lransaclions.
PB Universidad de Deusto
YR 1995
FD 1995
LK https://hdl.handle.net/10016/14159
UL https://hdl.handle.net/10016/14159
LA eng
DS e-Archivo
RD 20 may. 2024