Do information asymmetry proxies measure information asymmetry?
Market microstructure based proxies for information asymmetry have been widely used for over two decades. However, their empirical validation is surprisingly scarce. We attempt to address this gap by empirically testing two of the more popular proxies, namely, Glosten and Harris (1988) adverse selec...
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2013
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| Online Access: | http://spectrum.library.concordia.ca/977533/4/FINAL_COPY_THESIS_pdf_a_1b_RGB.pdf Abdul-Baki, Ramzi <http://spectrum.library.concordia.ca/view/creators/Abdul-Baki=3ARamzi=3A=3A.html> (2013) Do information asymmetry proxies measure information asymmetry? Masters thesis, Concordia University. |