This article contributes to the debate about the relative qualities of floor and electronic trading systems by analysing the effects of bringing forward the Xetra closing time from 8.00 pm to 5.30 pm in November 2003, while the Frankfurt floor remains open until 8.00 pm. This natural...

This paper tests for the presence of a weather effect on liquidity in a screen-based electronic stock market. The Exchange Liquidity Measure XLM enables us to separate the effect of cloudy skies on liquidity provided by market makers from this effect on liquidity naturally in the market. The...

This paper contributes to the debate about individual and institutional investors' trading behaviour with new evidence from the Polish stock market. While most existing studies focus on institutional investors' trading in developed markets, we test for the presence of herding during market up-...

This study analyses the implications that have emanated for non-anonymous floor trading at the Frankfurt stock exchange from the fact that the closing hour of electronic stock trading at the German stock exchange system XETRA has been advanced from 20.00 hrs to 17.30 hrs. effective as of 03...

This paper examines individual investors' trading behaviour by testing the presence of Monday and January anomalies on the Polish futures market, where individuals are the predominant trader type. Both anomalies are well established in the literature, and they are at least partially attributed...

Die Landwirtschaft zählt zu jenen Sektoren der österreichischen Wirtschaft mit dem größten Anpassungsbedarf bei einem EU-Beitritt. Die Integrationsprobleme ergeben sich vornehmlich aus einer unzureichenden Vorbereitung auf den EU-Binnenmarkt, naturbedingten und strukturbedingten...

Agriculture plays an important role in the border area. This must be taken into account in developing strategies to promote economic and social development. Growth segments in agriculture are food processing and marketing of agricultural products. Income supplements to the predominantly small...