... between lower political risk and improved market quality. In assessing the impact of US–China trade conflicts on Chinese stocks, political shocks are scrutinized. Results indicate that heightened political tension exacerbates information asymmetry and diminishes market liquidity, underscoring...

... at the daily as well as intra‐day intervals across trade, as well as value measures of order imbalance. After controlling for the number of transactions, order imbalance and return correlations have fallen in the post‐2002 period as compared to the pre‐2002 period, at daily as well as intra‐day intervals...

...Andriy Shkilko; W. Paul Spurlin; Bonnie F. Van Ness; Robert Van Ness Purpose The purpose of this paper is to study short sales trading as part of the New York Stock Exchange (NYSE) batch open and National Association of Securities Dealers Automated Quotations (NASDAQ) opening cross. The paper...

... that these episodes follow periods of positive returns. Further, it is found that abnormal volatility and high trading volume also predict the occurrence of these episodes. These results suggest that concentrated shorting occurs in stocks that are increasing in price during periods of heterogeneity among investors...

... of this paper is to investigate the trading behaviour of short‐sellers, who are considered informed traders, conditioning on the level of cloudiness, and find an increase in short selling with the level of cloudiness. Additionally, the paper finds decreases in short selling the three days prior to a cloudy day...

...Michael Pagano; Michael S. Pagano Purpose The purpose of this paper is to present new empirical evidence on global trends in equity‐related transaction costs and trading volume, as well as to highlight recent research in international market microstructure. Design/methodology/approach...

...Michael Pagano; Eric Girard; Mohammed Omran Purpose The purpose of this paper is to examine the change in speed of dissemination of order flow information on stock volatility of return in 79 traded companies at the Cairo and Alexandria Stock Exchange (CASE). Design/methodology/approach...

...Olga María Rodríguez‐Rodríguez Purpose The purposes of the study are to: contribute evidence on the role played by ordinary commercial firms in providing finance to other firms by granting trade credit to customers; and test some theories about the motives of small and medium‐sized firms...