The Effects of Price Limits on Informed Trading Strategies and Market Performances
博士 === 國立中山大學 === 財務管理學系研究所 === 96 === This paper investigates the effect of price limits on strategically informed trading and market performances. We show that a price limit will increase the costs of liquidity traders and volatility spillover by its ex ante effects on strategically informed tradi...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | en_US |
| Published: |
2008
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| Online Access: | http://ndltd.ncl.edu.tw/handle/fgmhf5 |