Many organizations are confronted with the challenge of improving supply chain
transparency not only to meet regulatory requirements, but also to optimize operations …

Information disclosure is an essential component of regulation in financial markets. In this
article, we provide a cohesive analytical framework to review certain key channels through …

Transparency is often cited as essential to the trust stakeholders place in organizations.
However, a clear understanding of the meaning and significance of transparency has yet to …

Page 1 Γ Γ ггггг JJ J Market Microstructure Theory MAUREEN O'HARA WILEY Blackwell Page 2
Written by one of the leading authorities in market microstructure research, this book provides a …

This article investigates whether differences in information‐based trading can explain
observed differences in spreads for active and infrequently traded stocks. Using a new …

The way in which securities are traded is very different from the idealized picture of a
frictionless and self-equilibrating market offered by the typical finance textbook. In Market …

Market microstructure studies the process by which investors' latent demands are ultimately
translated into prices and volumes. This paper reviews the theoretical, empirical and …

Execution costs, as measured by the quoted spread, the effective spread (which accounts for
trades inside the quotes), the realized spread (which measures revenues of suppliers of …

The Microstructure Approach to Exchange Rates Page 1 The Microstructure Approach to
Exchange Rates MIT Press, forthcoming Richard K. Lyons Haas School of Business, UC …

This article presents a one-tick dynamic model of a limit order market. Agents choose to
submit a limit order or a market order depending on the state of the limit order book. Each …