Abraham, Rebecca; Harrington, Charles - In: Journal of Economic Studies 40 (2013) 5, pp. 658-670
Purpose – This paper aims to propose a method of forecasting the level of informed trading at merger announcements by …, and vanished on days 4 and 5. Research limitations/implications – Most theoretical models of informed trading have viewed … informed trading and liquidity trading as tangentially linked. This study finds a direct link between these two trading …