English  |  正體中文  |  简体中文  |  Items with full text/Total items : 90452/105769 (86%)
Visitors : 11957615      Online Users : 494
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    ASIA unversity > 管理學院 > 財務金融學系 > 期刊論文 >  Item 310904400/64343

    Please use this identifier to cite or link to this item: http://asiair.asia.edu.tw/ir/handle/310904400/64343

    Title: Short sales, margin purchases and bid–ask spreads
    Authors: 趙妍;Zhao, Yan;鄭揚耀;Cheng, Lee-Young;張眾卓;Chang, Chong-Chuo;倪慈霙;Ni, Cih-Ying
    Contributors: 財務金融學系
    Date: 201309
    Issue Date: 2013-10-29 17:39:11 (UTC+8)
    Abstract: This study examines intraday patterns of short sales, margin purchases, adverse selection, and bid–ask spreads in the order-driven market of the Taiwan Stock Exchange (TWSE). We find that both short sales and margin purchases exhibit a U-shaped intraday pattern in the TWSE. We further show that short sales and margin purchases have a significantly positive relationship with adverse selection and bid–ask spreads. We provide evidence that the U-shaped pattern of bid–ask spreads can be explained by short selling and margin trading activities.
    Relation: Pacific-Basin Finance Journal, 24:199-220
    Appears in Collections:[財務金融學系] 期刊論文

    Files in This Item:

    File SizeFormat

    All items in ASIAIR are protected by copyright, with all rights reserved.

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback