Taxes and mergers: a survey
In: The monograph series in finance and economics 1985,3
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In: The monograph series in finance and economics 1985,3
In: Journal of Monetary Economics, Band 13, Heft 2, S. 195-210
In: The American economist: journal of the International Honor Society in Economics, Omicron Delta Epsilon, Band 24, Heft 2, S. 47-52
ISSN: 2328-1235
In: The journal of business, Band 60, Heft 3, S. 347
ISSN: 1537-5374
In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Band 8, Heft 3, S. 217-226
ISSN: 1475-6803
AbstractThis study provides a further test of whether the price change‐volume relationship is asymmetric as Epps' theoretical model and empirical evidence indicate. Testing during periods of known information arrival supports his hypothesis that the ratio of volume to absolute price change on price increases is higher than that ratio on equivalent price decreases. There is some contrary evidence when the testing occurs over trading days for which there is no known information arrival. This reversal of results could be due to the combined effect of positive transaction costs and no information arrival. There is evidence in support of this explanation.
In: The Bell journal of economics, Band 14, Heft 1, S. 166
In: NBER Working Paper No. w1530
SSRN
In: Journal of Monetary Economics, Band 13, Heft 3, S. 393-405