Ditapis dengan

  • Tahun Penerbitan
  • Lokasi
  • Tipe Koleksi
    Lihat Lebih Banyak
Ditemukan 2 dari pencarian Anda melalui kata kunci: author="Moulton, Pamela C."
cover
Volume Dynamics and Multimarket Trading
Moulton, Pamela C.Halling, Michaelpanayides, Marios

The trading of shares of the same firm in multiple markets has become common over the last thirty years, but there is little empirical evidence on the extent to which investors actively exploit multimarket environments. We introduce a volume-based measure of multimarket trading to address this question. Analyzing a large set of cross-listed firms, we find higher multimarket trading among market…

Edisi
-
ISBN/ISSN
-
Deskripsi Fisik
-
Judul Seri
-
No. Panggil
JFQA4802
cover
Time variation in liquidity: the role of market-maker inventories and revenues
Hendershott, TerrenceJones, Charles M.Comerton-Forde, CaroleMoulton, Pamela C.Seasholes, Mark S.

We show that market-maker balance sheet and income statement variables explain time variation in liquidity, suggesting liquidity-supplier financing constraints matter. Using 11 years of NYSE specialist inventory positions and trading revenues, we find that aggregate market-level and specialist firm-level spreads widen when specialists have large positions or lose money. The effects are nonlinea…

Edisi
-
ISBN/ISSN
221082
Deskripsi Fisik
-
Judul Seri
-
No. Panggil
-