Battig, Christopher; Chelley-Steeley, Patricia L. - In: Applied financial economics 20 (2010) 4/6, pp. 303-315
This article examines the impact on market quality that the introduction of a closing call auction had at the London Stock Exchange (LSE). Using the market model approach of Cohen et al. (1983a, b) we show that opening and closing market quality improved for those Financial Times and Stock...
