Bid-Ask Spread and Ownership Structure-An Empirical Study on Taiwan’s Over-the-Counter Market
碩士 === 國立高雄第一科技大學 === 金融營運所 === 91 === Several studies (e.g., Jaffe and Winkler (1976), Copeland and Galai (1983), and Glosten and Milgrom (1985)) indicate that the higher the degree of information asymmetry, the wider the bid-ask spread should be. Both Chiang and Venkatesh (1988) and Kini and Mian...
Main Authors: | , |
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Other Authors: | |
Format: | Others |
Language: | zh-TW |
Published: |
2003
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Online Access: | http://ndltd.ncl.edu.tw/handle/41764470446965909593 |