Download or read book Market Structure and Liquidity on the Tokyo Stock Exchange written by Bruce Neal Lehmann and published by . This book was released on 1994 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Structure Liquidity and Investment Evidence from Japanese Industrial Groups written by Takeo Hoshi and published by . This book was released on 1989 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Structure Liquidity and Investment written by Takeo Hoshi and published by . This book was released on 1988 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dynamics of Market Liquidity of Japanese Stocks written by Jun Muranaga and published by . This book was released on 1999 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies dynamic aspects of market liquidity of Japanese stocks. Examines three indicators of market liquidity corresponding to Kyle's three concepts of market liquidity: tightness, depth, and resiliency.

Download or read book Trading and Liquidity on the Tokyo Stock Exchange written by Bruce Neal Lehmann and published by . This book was released on 1994 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reform and Price Discovery at the Tokyo Stock Exchange From 1990 to 2012 written by K. Kubota and published by Springer. This book was released on 2015-04-30 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last two decades the Tokyo Stock Exchange implemented several important reforms in regulations, market trading mechanisms, and IT trading systems. In this book we analyze the impact of the evolution of the Tokyo Stock Exchange (TSE), at the same time discussing reforms in stock trading by related accounting standards and legal regulations. With daily stock return and market microstructure data, we analyze how these reforms have significantly influenced the pricing structure and price discovery process of traded stocks, as well as the trading style of institutional investors, individual investors, and high frequency traders. The research methodology we employ is primarily standard market microstructure tests as well as methods used in conventional empirical financial economics. We simultaneously use the most relevant concepts in these fields for our empirical tests and provide a comprehensive picture of trading, price discovery, pricing structure, and public vs. private information dissemination.

Download or read book Reform and Price Discovery at the Tokyo Stock Exchange From 1990 to 2012 written by K. Kubota and published by Palgrave Pivot. This book was released on 2015-10-09 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book we analyze the impact of the evolution of the Tokyo Stock Exchange (TSE), at the same time discussing reforms in stock trading by related accounting standards and legal regulations.

Download or read book Stock Market Liquidity and the Macroeconomy written by Woon Gyu Choi and published by . This book was released on 2005 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Invest Japan written by W. T. Ziemba and published by Irwin Professional Publishing. This book was released on 1992 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Interaction of Investor Trades and Market Volatility written by Kee-Hong Bae and published by . This book was released on 2007 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the relation between market volatility and investor trades by identifying who supplies and demands market liquidity on the Tokyo Stock Exchange. Because the different trading patterns of various investor types such as individual investors, institutional investors, and foreign investors affect market liquidity differently, we find that market volatility fluctuates significantly depending on which investor types participate in trade. We show that market volatility increases by more than 50% from the average level when there are greater buy trades by momentum investors that demand liquidity and at the same time there are less sell trades by contrarian (or profit-taking) investors that supply liquidity. On the other hand, volatility dampens by more than 57% from the average level when there are greater sell trades by profit-taking investors, mostly by domestic investors, supplying liquidity while there are less momentum buy trades that demand liquidity.

Download or read book Low latency Trading and Price Discovery Evidence from the Tokyo Stock Exchange in the Pre opening and Opening Periods written by Mario Bellia and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Role of Algorithmic Trading in Stock Liquidity and Commonality in Electronic Limit Order Markets written by Hiroshi Moriyasu and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Using the adoption of the Arrowhead trading platform in January 2010 as an exogenous event, we investigate the effects of algorithmic trading on stock market liquidity and commonality in liquidity under different market conditions on the Tokyo Stock Exchange. After controlling for endogeneity, we find algorithmic trading increases stock liquidity by narrowing spreads and increasing market depth. Furthermore, algorithmic trading increases commonality in liquidity at both high and low frequency. These findings appear to arise due to the reduction in monitoring costs. Further analysis reveals that, following large market declines, the effect of algorithmic trading on spreads and market depth weakens while the effect on commonality in stock liquidity intensifies.

Download or read book Stock Market Liquidity in Chile written by Mr.Luis Brandao-Marques and published by International Monetary Fund. This book was released on 2016-11-16 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chile has a large but relatively illiquid stock market. Global factors such as global risk appetite and monetary policy in advanced economies are key cyclical determinants of liquidity in Chilean equities. Evidence from a cross-section of emerging markets suggests strong protection of minority shareholders can help improve stock market liquitidity. Currently, illiquid in Chilean may have to pay 31⁄2 percent more as cost of equity. Corporate governance should be improved, namely through the adoption of a stewardship code.

Download or read book The Industrial Organization and Regulation of the Securities Industry written by Andrew W. Lo and published by University of Chicago Press. This book was released on 2008-04-15 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: The regulation of financial markets has for years been the domain of lawyers, legislators, and lobbyists. In this unique volume, experts in industrial organization, finance, and law, as well as members of regulatory agencies and the securities industry, examine the securities industry from an economic viewpoint. Ten original essays address topics including electronic trading and the "virtual"stock exchange; trading costs and liquidity on the London and Tokyo Stock Exchanges and in the German and Japanese government bond markets; international coordination among regulatory agencies; and the impact of changing margin requirements on stock prices, volatility, and liquidity. This clear presentation of groundbreaking research will appeal to economists, lawyers, and legislators who seek a refreshingly new perspective on policy issues in the securities industry.

Download or read book Probability Models and Applications written by Ingram Olkin and published by Macmillan College. This book was released on 1994-01-01 with total page 715 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text promotes cross-disciplinary research into the modelling of the ever increasing complex data involved in scientific and technological research. It shows where and how to apply probability models to real phenomena and how to prepare the tools necessary for such applications.

Download or read book Market 2000 written by United States. Securities and Exchange Commission. Division of Market Regulation and published by . This book was released on 1994 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Structure and Operation of the World Gold Market written by Gary O'Callaghan and published by . This book was released on 1993 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dated September 1993