Ma, Dan; Wang, Chunfeng; Fang, Zhenming; Wang, Ziwei - In: China Finance Review International 11 (2020) 2, pp. 259-281
Purpose: The purpose of this paper is to empirically examine the impact of closing mechanism changes on market quality, investor trading behavior and market manipulation in the Shanghai stock market. Design/methodology/approach: A dummy variable is constructed indicating whether the closing...