The study has attempted to empirically examine the efficiency of Govt. securities auction in Indian market. It is observed that prices of the securities under auction generally move downward between the date of announcement of auction and the date of auction. The yield, duration, issue size,...

This paper uses holdings and outage data from Robinhood and transaction-level data from U.S. exchanges to examine how retail investors affect the pricing of public earnings information. We find that retail trader activity is associated with prices that are more responsive to earnings surprises,...

Insiderhandel im Rahmen von Kapitalmarktgeschäften ist immer wieder Gegenstand öffentlicher Diskussionen. Björn Dymke analysiert Kapitalmarkttransaktionen deutscher Unternehmensinsidern mit Wertpapieren der von ihnen geleiteten Unternehmen, sogenannte Directors’ Dealings. Er untersucht, ob...