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...

In light of the imminent rise in tuition fees, university funding cuts because of limited resources available with governments and fears of declining student numbers, gaining a sustainable competitive advantage in the higher education sector is a key imperative of many universities. Quality...

This study investigates the nature of relationship between price and trading volume for 50 Indian stocks. Firstly the contemporaneous and asymmetric relation between price and volume are examined. Then we examine the dynamic relation between returns and volume using VAR, Granger causality,...