chordia, roll and subrahmanyam -commonality in liquidity

... market- and industry-wide liquidity. After controlling for well- known individual liquidity determinants, such as volatility, volume, and price, common in# uences remain signi"cant and material. ... than the minimum. Finally and most important, note in Table 9 that industry liquidity retains a strong in# uence on individual stock liquidity even after accounting for vol...

Ngày tải lên: 23/04/2014, 16:29

... reducing the cost of margin trading and decreasing the cost of financing inventory, a decrease in short rates could stimulate trad- ing activity and increase market liquidity. An increase in longer-term ... asymmetric information. Market Liquidity and Trading Activity 519 Market Liquidity and Trading Activity TARUN CHORDIA, RICHARD ROLL, and AVANIDHAR SUBRAHMANYAM* ABS...

Ngày tải lên: 23/04/2014, 16:29

... 5 m illio n t o a n in ° o w o f $ 8 7 1 m illio n . Th e d e c r e a s e in c a s h in ° o ws t o e qu it y fu n d s c o m b in e d wit h t h e in c r e a s e in c a s h in ° o ws t o g o ve ... ive a n d s ig n i¯ c a n t , p o in t in g t o a n in c r e a s e in t h e qu o t e d s p r e a d d u r in g t h e c r is e s . W h ile , a n in c r e a s e in t h e n e...

Ngày tải lên: 23/04/2014, 16:29

Ngày tải lên: 23/04/2014, 16:20

... adopted by Andersen and Bollerslev (1997) of ignoring the first return in the day, and then concatenating the data. Trading intensity NSE has one of the highest trading intensities in the world. In this ... the issues of cleaning up and filtering of intraday data (Dacorogna et al., 2001). The specifics of data-filtering and cleaning for HF data from the NSE can be found in Patnaik...

Ngày tải lên: 24/04/2014, 00:23

... cultural impact of the war that 3Introduction had ushered in modernity, breaking traditions, altering and recasting old certainties, and overthrowing empires. In these investigations, ‘‘culture’’ was ... de- mands in the East, indicating suggestive continuities between strivings of the Kaiserreich and the Nazi regime. Detailed monographs followed, investigating avenues Fischer had...

Ngày tải lên: 21/09/2012, 11:02

... the numbers of male and female workers in 1975 and 1995 in several employment sectors of the republic of Freedonia. Write a report for a university teacher describing the information shown. You ... describing the information shown. You should write at least 150 words. You should spend about 20 minutes on this task.

Ngày tải lên: 04/10/2012, 10:02

... practices and standardization of care; and (6) Training and education. Conclusion: This study carries implications for chiropractic clinical training relative to enhancing diagnostic competencies in ... chest pain, as well as the need to ascertain and improve those skills, competencies, and standards for referrals and sharing of clinical information that may improve cross-discip...

Ngày tải lên: 25/10/2012, 10:06

... studies. Conclusions Our findings are in line with previous observations show- ing an inverse association between blood pressure and lung function. Furthermore, our analysis indicates that BBL medication and not ... Munich, Asklepios Hospital Gauting and Helmholtz Zentrum München, Munich, Germany. 6 Department of Internal Medicine B - Cardiology, Intensive Care, Pulmonary Medicine an...

Ngày tải lên: 25/10/2012, 10:45

... slight increase in serum Cu and a signficant increase in urine Cu levels in patients suffering from myocar- dial infarction (MI) (15). Reunanen et al. (1996) found increased levels of serum Cu in ... eastern Finnish men, in which high levels of serum ferritin and dietary Fe intake were positively associated with the incidence of myocardial infarction. Ascherio et al. (1994)...

Ngày tải lên: 25/10/2012, 10:51