Probability of informed trading during the COVID-19 pandemic: the case of the Romanian stock market

Abstract Using data from the Bucharest Stock Exchange, we examine the factors influencing the probability of informed trading (PIN) during February—October 2020, a COVID-19 pandemic period. Based on an unconditional quantile regression approach, we show that PIN exhibit asymmetric dependency with li...

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Bibliographic Details

Published in:	Financial Innovation
Main Authors:	Cosmin Octavian Cepoi, Victor Dragotă, Ruxandra Trifan, Andreea Iordache
Format:	Article
Language:	English
Published:	SpringerOpen 2023-01-01
Subjects:	PIN COVID-19 Market microstructure Insider trading
Online Access:	https://doi.org/10.1186/s40854-022-00415-9