We directly compare retail investor execution costs with exchange execution costs. We find off-exchange retail trades execute at lower effective spreads than comparable exchange trades, primarily due to the uninformed nature of retail trades. These results hold when payment for order flow (PFOF)...

We show that retail traders in 2019-2020 incur transaction costs an order of magnitude smaller than those during the Barber and Odean (2000) sample and spreads 35% to 60% smaller than comparable institutional spreads. Moreover, retail effective spreads changed only trivially relative to...

Purpose: Using functional contextualism, this study aims to explore how Ghanaian micro-entrepreneurship of women (MEW) impacts on the achievement of four targets of sustainable development goal 1 (SDG) (income, social protection, economic resources and resilience) with the cultural factors of...

Consistent with the Sustainable Development Goal 7 of ensuring access to clean and modern energy technologies, this study examined the nexus between access to electricity, human development index, political system environment, income level, and income inequality. We employed a nonparametric...