𝔖 Bobbio Scriptorium
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Free Cash Flow, Issuance Costs, and Stock Prices

✍ Scribed by JEAN-PAUL DÉCAMPS; THOMAS MARIOTTI; JEAN-CHARLES ROCHET; STÉPHANE VILLENEUVE

Book ID
109177778
Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
573 KB
Volume
66
Category
Article
ISSN
0022-1082

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Trading costs and price discovery across
Trading costs and price discovery across stock index futures and cash markets
✍ Kim, Minho; Szakmary, Andrew C.; Schwarz, Thomas V. 📂 Article 📅 1999 🏛 John Wiley and Sons 🌐 English ⚖ 267 KB 👁 2 views

The focus of this article is to test the trading cost hypothesis of price leadership, which predicts that the market with the lowest overall trading costs will react most quickly to new information. In an attempt to hold market microstructure effects constant and in contrast to previous studies, we