...Michael Bleaney; Zhiyong Li Purpose – This paper aims to investigate the performance of estimators of the bid-ask spread in a wide range of circumstances and sampling frequencies. The bid-ask spread is important for many reasons. Because spread data are not always available, many methods have...

...@yahoo.fr © Emerald Group Publishing Limited 2011 Ownership Liquidity Controlling shareholders Pyramidal structure Voting rights Bid‐ask spread Tunisia The relationship between market microstructure and corporate finance has received recently considerable attention in financial...