Zhao, Yan; Cheng, Lee-Young; Chang, Chong-Chuo; Ni, Cih-Ying - In: Pacific-Basin Finance Journal 24 (2013) C, pp. 199-220
This study examines intraday patterns of short sales, margin purchases, adverse selection, and bid–ask spreads in the … with adverse selection and bid–ask spreads. We provide evidence that the U-shaped pattern of bid–ask spreads can be …