Showing 1 - 10 of 11,028
Persistent link: https://www.econbiz.de/10000636506
Persistent link: https://www.econbiz.de/10011613188
Persistent link: https://www.econbiz.de/10001598056
distinguished player if he also can trade shares of the firm on a market. Arbitrage-free asset pricing theory suggests that the …
Persistent link: https://www.econbiz.de/10003776197
Persistent link: https://www.econbiz.de/10003400482
Persistent link: https://www.econbiz.de/10003316438
Persistent link: https://www.econbiz.de/10013432914
Persistent link: https://www.econbiz.de/10001122226
Persistent link: https://www.econbiz.de/10011610337
Recently exchanges have been directly selling market data. We analyze how this practice affects price discovery, the cost of capital, return volatility, and market liquidity. We show that selling price data increases the cost of capital and volatility, worsens market efficiency and liquidity,...
Persistent link: https://www.econbiz.de/10012976112