In the absence of order-book data and limited information on quoted bid-ask spreads in the Indian stock market, this paper attempts to analyze the bid-ask spread in Indian market by estimating bid-ask spreads and its components from trade prices. The sample consists of tick-by-tick data for the...

Religious events play a vital role in retaining the cultural values of a place. It further leads to establishing a distinct identity of the place. Previous research emphasizes the significant contribution of local culture in developing tourism competitiveness and determines the opportunities and...