Dufour and Engle (J. Finance (2000) 2467) find evidence of an increased presence of informed traders when the NYSE markets are most active. No such evidence, however, can be found by Manganelli (J. Financial Markets (2005) 377) for the infrequently traded stocks. In this paper, we fit a...

Anthropology goes to Wall Street -- Biographies of hegemony : the culture of smartness and the recruitment and construction of investment bankers -- Wall Street's orientation : exploitation, empowerment, and the politics of hard work -- Wall Street historiographies and the shareholder value...