Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10011532310
Persistent link: https://www.econbiz.de/10011532304
Persistent link: https://www.econbiz.de/10003702691
Using a comprehensive dataset of orders and trades in the Indian government bond market, this study presents new evidence on the effect of funding liquidity on market liquidity. Consistent with models that stress intermediary capital, we find that market liquidity has a strong, positive...
Persistent link: https://www.econbiz.de/10012855679
After insider trading regulations become stricter, insiders partially substitute trades in their own stocks with informed trades in peer stocks. Using a uniquely constructed dataset of trades by corporate insiders in all stocks, we find that insiders are 20% more likely to trade in peer stocks...
Persistent link: https://www.econbiz.de/10014239664
We investigate the behavior of retail traders during repeated bubble episodes in the stocks using detailed data provided by the Bombay Stock Exchange. We show that, after controlling for attrition, retail traders are more likely to participate in bubble stocks if they have prior bubble...
Persistent link: https://www.econbiz.de/10013406000
Persistent link: https://www.econbiz.de/10003777834
Persistent link: https://www.econbiz.de/10011333720
Persistent link: https://www.econbiz.de/10010408471
We examine how institutional risk control mechanisms influence proprietary stock trader behavior. When traders are forced to liquidate their inventory at a pre-designated time, they often hold onto their losing trades until the very last moment. We find that the difference between losing and...
Persistent link: https://www.econbiz.de/10013115841