We show that the presence of high frequency trading (HFT) has significantly mitigated the frequency and severity of end-of-day price dislocation, counter to recent concerns expressed in the media. The effect of HFT is more pronounced on days when end of day price dislocation is more likely to be...

We examine the impact of stock exchange trading rules and surveillance on the frequency and severity of suspected insider trading cases in 22 stock exchanges around the world over the period January 2003 through June 2011. Using new indices for market manipulation, insider trading, and...

Pakistan’s national economic growth framework views connectivity between people and settlements as an engine of economic development. However, a little is known about the patterns of mobility across socioeconomic segments of the country. The study aims to explore gender differences in travel...

This paper presents a model of the probability of price response to the previous periods inventory absolute and relative level for U.S. paper and paperboard industry. The initial part of the paper contains a theoretical analysis of the phenomenon. The proposed framework indicates that the...

Using AC Nielsen scanner data on U.S. household consumption of selected fresh vegetables from 1999 to 2003, this study provides an overview of the organic fresh vegetable market by investigating market shares and price premiums of selected organic fresh vegetables and estimating the...

Study of profitability and risk of agricultural banks is very important in assessing the ability to adequately finance agricultural production and rural development. A recursive system of profitability and risk equations is estimated to compare the performance of agricultural with...

Using live cattle production data from 1995 to 2001, we investigated live cattle supply represented by both net placement and marketings with two price expectation models, naïve and futures. The results show significant evidence of different price expectations when cattle feeders make decisions...

Using actual retail data, this study is intended to profile consumers' social economic characteristics related to the growth of the fresh organic produce market with a generalized double-hurdle model. The nested test shows that the above model performs significantly better than Cragg's...

This paper analyzes computer adoption patterns of U.S. small businesses. First, the association between computer use and firm performance is investigated with a linear model while controlling for various characteristics of the firm and its owner. Then an ordered probit model is used to model...