Khil, Jaeuk; Park, Young S.; Shin, Jhinyoung - In: Emerging Markets Finance and Trade 48 (2012) 1, pp. 133-152
This paper studies the effects of four events initiated by the Korea Exchange (KRX) aimed at enhancing pre-trade transparency: two for market opening by single-price call auction, and two for regular trading hours by continuous auction. We select the ten largest stocks, and another ten of the...