This paper examines the effects of the mechanism by which securities are traded on their
price behavior. We compare the behavior of open‐to‐open and close‐to‐close returns on …

Using a broad panel of NYSE-listed stocks between 1983 and 2004, we study the relation
between institutional shareholdings and the relative informational efficiency of prices …

We examine the contribution of cross‐listings to price discovery for a sample of Canadian
stocks listed on both the Toronto Stock Exchange (TSE) and a US exchange. We find that …

Using synchronous transactions data for IBM from the New York, Pacific, and Midwest Stock
Exchanges, we estimate an error correction model to investigate whether each of the …

This paper investigates the hypotheses that the recently established Mexican stock index
futures market effectively serves the price discovery function, and that the introduction of …

This paper examines the securitized (public) and unsecuritized (private) commercial
property markets in the United States and the United Kingdom for evidence of price …

This study investigates the pricing efficiency of the Shanghai Crude Oil Futures (SC) as a
newly emerged crude oil future market from the perspective of co-integration and estimates …

To better establish a unified carbon market in China, this study evaluates the effect of current
carbon trading policy and further investigates the relationship between such policy that is …

The liquidity of the market for a company's stock is an important determinant of the cost of
capital. This paper explores the concept of liquidity in the stock market and evaluates …

Since Toronto became the first stock exchange to computerize its execution system in 1977,
electronic trading has been instituted in Tokyo (1982), Paris (1986), Australia (1990) …