Showing 1 - 10 of 23
Persistent link: https://www.econbiz.de/10011587469
Serious concerns about the invasion of digital footprint information privacy due to intense commercial promotion through data mining has led to the emergence of privacy by design in the form of the Do Not Track (DNT) mechanism. This paper attempts to construct a theory to justify and find an...
Persistent link: https://www.econbiz.de/10012174757
Using financial ETFs from various financial industries, we set out in this study to explore the relationship between funding liquidity and equity liquidity. We measure funding liquidity from the interbank as well as the collateral markets and examine how funding liquidity affects bid-ask spread,...
Persistent link: https://www.econbiz.de/10013139084
This study examines the dynamic liquidity provision process by institutional and individual traders in the Taiwan index futures market, which is a pure limit order market. The empirical analysis obtains several interesting empirical results. We find that trader type affects liquidity provision...
Persistent link: https://www.econbiz.de/10013113239
This paper investigates the market microstructure of the Shanghai and Shenzhen Stock Exchanges. The two major Chinese stock markets are pure order-driven trading mechanisms without market makers, and we analyze empirically both limit order books. We begin our empirical modeling using the vector...
Persistent link: https://www.econbiz.de/10013106791
This paper empirically investigates board meeting attendance and its effects on profit performance of Taiwanese listed corporations. High meeting attendance by directors themselves can enhance a firm's profitability but higher attendance by their representatives has an adverse effect....
Persistent link: https://www.econbiz.de/10013064912
This study investigates the impact of decimalization (penny pricing) on the arbitrage relationship between index exchange-traded funds (ETFs) and E-mini index futures. Our empirical results reveal that subsequent to penny pricing, there is a significant fall in the mean ex-ante arbitrage profit,...
Persistent link: https://www.econbiz.de/10012730590
This paper evaluates the respective impacts of investor protection on the R 2 and systematic risk of closed-end country funds (CECFs). The empirical results reveal that both the R 2 and systematic risk of CECFs of those countries with English legal origin are significantly lower than those of...
Persistent link: https://www.econbiz.de/10012730608
Using 'American depository receipt' (ADR) data on various countries, this paper sets out to investigate the relationship between investor protection and firm liquidity. Since weak investor protection and poor economic prospects lead to greater expropriation by managers - and thus greater...
Persistent link: https://www.econbiz.de/10012737462
We examine the impact of decimalization on the relative changes in trading costs, informed trading, and speed of information transmissions between Exchange Traded Funds (ETFs) and their corresponding index futures. The quotes of ETFs are decimalized on January 29, 2001, while those of index...
Persistent link: https://www.econbiz.de/10012738580