Tick Size and Investment Efficiency of Small-Cap US Firms: Evidence from SEC's Tick Size Pilot Program 2016
A Ashraf, B Qi, M Saleem, A Shakill - Available at SSRN 4839191, 2023 - papers.ssrn.com
Abstract Utilizing the Tick Size Pilot Program of 2016, we document a significant and positive
impact of tick size increase on the investment efficiency of small-cap firms. Our results …
impact of tick size increase on the investment efficiency of small-cap firms. Our results …