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Retail investors pay over twice as much attention to local companies than non-local ones, based on Google searches. News volume and volatility amplify this attention gap. Attention appears causally related to perceived proximity: first, acquisition by a nonlocal company is associated with less...
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Puzzles -- 0.4 The Three Dimensions of Liquidity -- 0.4.1 Market Liquidity -- 0.4.2 Funding Liquidity -- 0.4.3 Monetary … Liquidity -- PART ONE: Institutions -- 1 Trading Mechanics and Market Structure -- 1.1 Introduction -- 1.2 Limit Order Markets ….6 Exercises -- 2 Measuring Liquidity -- 2.1 Introduction -- 2.2 Measures of the Spread -- 2.3 Other Measures of Implicit Trading …
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