Microstructure and Seasonality in the UK Equity Market
โ Scribed by Paul Draper; Krishna Paudyal
- Book ID
- 108567702
- Publisher
- John Wiley and Sons
- Year
- 1997
- Tongue
- English
- Weight
- 277 KB
- Volume
- 24
- Category
- Article
- ISSN
- 0306-686X
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
for and identifies day-of-the-week and month-of-the-year effects market. The results are surprisingly similar to those found in -\_ studies of seasonality in stock returns, despite the existence of significant institutional differences between the two markets. Among the more notable findings are the
## Abstract This paper offers new evidence on informed trading around merger and acquisition announcements from the UK equity and options market. The analysis suggests that in about 25โ33% of events there is abnormal option trading volume during the month that precedes the announcement. Such eviden