메뉴 건너뛰기




Volumn 52, Issue 2, 1997, Pages 713-735

Institutional equity trading costs: NYSE versus Nasdaq

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0040657086     PISSN: 00221082     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1540-6261.1997.tb04819.x     Document Type: Article
Times cited : (108)

References (23)
  • 1
    • 84896515917 scopus 로고
    • Presidential address: Noise
    • Black, Fischer, 1986, Presidential Address: Noise, Journal of Finance 41, 529-543.
    • (1986) Journal of Finance , vol.41 , pp. 529-543
    • Black, F.1
  • 2
    • 0003756441 scopus 로고
    • Working paper, Rodney L. White Center for Financial Research, Wharton School, University of Pennsylvania
    • Blume, Marshall E., and Michael A. Goldstein, 1992, Displayed and effective spreads by market, Working paper, Rodney L. White Center for Financial Research, Wharton School, University of Pennsylvania.
    • (1992) Displayed and Effective Spreads by Market
    • Blume, M.E.1    Goldstein, M.A.2
  • 3
    • 0039574279 scopus 로고
    • Alternative trading exceeds goals: New transactions venues prosper
    • July 25
    • Burr, Barry B., 1994, Alternative trading exceeds goals: New transactions venues prosper, Pension and Investments, July 25.
    • (1994) Pension and Investments
    • Burr, B.B.1
  • 5
    • 43949169695 scopus 로고
    • Institutional trades and intraday stock price behavior
    • Chan, Louis K. C., and Josef Lakonishok, 1993b, Institutional trades and intraday stock price behavior, Journal of Financial Economics 33, 173-199.
    • (1993) Journal of Financial Economics , vol.33 , pp. 173-199
    • Chan, L.K.C.1    Lakonishok, J.2
  • 6
    • 84993899497 scopus 로고
    • The behavior of stock prices around institutional trades
    • Chan, Louis K. C., and Josef Lakonishok, 1995, The behavior of stock prices around institutional trades, Journal of Finance 50, 1147-1174.
    • (1995) Journal of Finance , vol.50 , pp. 1147-1174
    • Chan, L.K.C.1    Lakonishok, J.2
  • 7
    • 38149145923 scopus 로고
    • Market structures and liquidity: A transactions data study of exchange listings
    • Christie, William G., and Roger D. Huang, 1994, Market structures and liquidity: A transactions data study of exchange listings, Journal of Financial Intermediation 3, 300-326.
    • (1994) Journal of Financial Intermediation , vol.3 , pp. 300-326
    • Christie, W.G.1    Huang, R.D.2
  • 8
    • 84993915181 scopus 로고
    • Why do Nasdaq market makers avoid odd-eighth quotes?
    • Christie, William G., and Paul H. Schultz, 1994, Why do Nasdaq market makers avoid odd-eighth quotes?, Journal of Finance 49, 1813-1840.
    • (1994) Journal of Finance , vol.49 , pp. 1813-1840
    • Christie, W.G.1    Schultz, P.H.2
  • 10
    • 0000463443 scopus 로고
    • Insider trading, liquidity, and the role of the monopolist specialist
    • Glosten, Lawrence R., 1989, Insider trading, liquidity, and the role of the monopolist specialist, Journal of Business 62, 211-235.
    • (1989) Journal of Business , vol.62 , pp. 211-235
    • Glosten, L.R.1
  • 11
    • 84977725243 scopus 로고
    • Liquidity and market structure
    • Grossman, Sanford J., and Merton H. Miller, 1988, Liquidity and market structure, Journal of Finance 43, 617-633.
    • (1988) Journal of Finance , vol.43 , pp. 617-633
    • Grossman, S.J.1    Miller, M.H.2
  • 12
    • 0000822840 scopus 로고
    • The effect of large block transactions on security prices: A cross-sectional analysis
    • Holthausen, Robert, Richard Leftwich, and David Mayers, 1987, The effect of large block transactions on security prices: A cross-sectional analysis, Journal of Financial Economics 19, 237-268.
    • (1987) Journal of Financial Economics , vol.19 , pp. 237-268
    • Holthausen, R.1    Leftwich, R.2    Mayers, D.3
  • 13
    • 0001955097 scopus 로고
    • Large-block transactions, the speed of response, and temporary and permanent stock-price effects
    • Holthausen, Robert, Richard Leftwich, and David Mayers, 1990, Large-block transactions, the speed of response, and temporary and permanent stock-price effects, Journal of Financial Economics 26, 72-95.
    • (1990) Journal of Financial Economics , vol.26 , pp. 72-95
    • Holthausen, R.1    Leftwich, R.2    Mayers, D.3
  • 15
    • 0041785623 scopus 로고
    • Anatomy of the trading process: Empirical evidence on the behavior of institutional traders
    • Keim, Donald B., and Ananth Madhavan, 1995, Anatomy of the trading process: Empirical evidence on the behavior of institutional traders, Journal of Financial Economics 37, 371-398.
    • (1995) Journal of Financial Economics , vol.37 , pp. 371-398
    • Keim, D.B.1    Madhavan, A.2
  • 16
    • 0030537136 scopus 로고    scopus 로고
    • The upstairs market for large-block transactions: Analysis and measurement of price effects
    • Keim, Donald B., and Ananth Madhavan, 1996, The upstairs market for large-block transactions: Analysis and measurement of price effects, Review of Financial Studies 9, 1-36.
    • (1996) Review of Financial Studies , vol.9 , pp. 1-36
    • Keim, D.B.1    Madhavan, A.2
  • 17
    • 84993907815 scopus 로고
    • Price impacts of block trading on the New York Stock Exchange
    • Kraus, Alan, and Hans Stoll, 1972, Price impacts of block trading on the New York Stock Exchange, Journal of Finance 27, 569-588.
    • (1972) Journal of Finance , vol.27 , pp. 569-588
    • Kraus, A.1    Stoll, H.2
  • 18
    • 84993894904 scopus 로고
    • Market integration and price execution for NYSE-listed securities
    • Lee, Charles M. C., 1993, Market integration and price execution for NYSE-listed securities, Journal of Finance 48, 1009-1038.
    • (1993) Journal of Finance , vol.48 , pp. 1009-1038
    • Lee, C.M.C.1
  • 20
    • 0346642045 scopus 로고
    • Fun and games on Nasdaq
    • August 16
    • Morgenson, Gretchen, 1993, Fun and games on Nasdaq, Forbes, August 16, 74-80.
    • (1993) Forbes , pp. 74-80
    • Morgenson, G.1
  • 21
    • 0000160386 scopus 로고
    • A comparison of transaction costs between competitive market maker and specialist market structures
    • Neal, Robert, 1992, A comparison of transaction costs between competitive market maker and specialist market structures, Journal of Business 65, 317-334.
    • (1992) Journal of Business , vol.65 , pp. 317-334
    • Neal, R.1
  • 22
    • 0003509950 scopus 로고
    • The Stock Exchange specialist system: An economic analysis
    • monograph 1985-2, Salomon Brothers Center, New York University
    • Stoll, Hans R., 1985, The Stock Exchange specialist system: An economic analysis, Monograph Series in Finance and Economics, monograph 1985-2, Salomon Brothers Center, New York University.
    • (1985) Monograph Series in Finance and Economics
    • Stoll, H.R.1
  • 23
    • 84924508526 scopus 로고
    • Does the stock market rationally reflect fundamental values?
    • Summers, Lawrence H., 1986, Does the stock market rationally reflect fundamental values?, Journal of Finance 41, 591-601.
    • (1986) Journal of Finance , vol.41 , pp. 591-601
    • Summers, L.H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.