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Information Leakage from Short Sellers
Chague, Fernando D.; Giovannetti, Bruno; Herskovic, Bernard - National Bureau of Economic Research - 2023
Using granular data on the entire Brazilian securities lending market merged with all trades in the centralized stock exchange, we identify information leakage from short sellers. Our identification strategy explores trading execution mismatches between short sellers' selling activity in the...
Persistent link: https://www.econbiz.de/10014447248
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The value of intermediation in the stock market
Di Maggio, Marco; Egan, Mark L.; Franzoni, Francesco - 2019
Persistent link: https://www.econbiz.de/10012108556
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The value of intermediation in the stock market
Di Maggio, Marco; Egan, Mark L.; Franzoni, Francesco - 2019
Persistent link: https://www.econbiz.de/10012109193
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The value of intermediation in the stock market
Di Maggio, Marco; Egan, Mark L.; Franzoni, Francesco - 2019
Persistent link: https://www.econbiz.de/10012182949
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Brokers and order flow leakage : evidence from fire sales
Barbon, Andrea; Di Maggio, Marco; Franzoni, Francesco; … - 2017
Using trade-level data, we study whether brokers play a role in spreading order flow information. We focus on large portfolio liquidations, which result in temporary drops in stock prices, and identify the brokers that intermediate these trades. We show that these brokers' best clients tend to...
Persistent link: https://www.econbiz.de/10011875532
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The value of intermediation in the stock market
Di Maggio, Marco; Egan, Mark L.; Franzoni, Francesco - 2020
Persistent link: https://www.econbiz.de/10012421455
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Marketmaking middlemen
Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016
Persistent link: https://www.econbiz.de/10011544667
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Marketmaking middlemen
Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode …. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a … other. In our model, buyers and sellers can simultaneously search in an outside market and use the intermediation service …
Persistent link: https://www.econbiz.de/10011520869
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Marketmaking middlemen
Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode …. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a … our model, buyers and sellers can simultaneously search in an outside market and use the intermediation service. We show …
Persistent link: https://www.econbiz.de/10011526728
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Selling through referrals
Condorelli, Daniele; Galeotti, Andrea; Skreta, Basilikē - 2017
Persistent link: https://www.econbiz.de/10011684994