This paper is aimed at investigating the effect of ownership structure and firm size on firm growth. While the relationship between ownership structure and firm performance has been discussed in numerous studies, inadequate attention is drawn on the correlation between ownership structure and...

We use Hasbrouck's (1991) vector autoregressive model for prices and trades to empirically test and assess the role played by the waiting time between consecutive transactions in the process of price formation. We find that as the time duration between transactions decreases, the price impact of...