This study investigates the impact of COVID-19 pandemic on the microstructure of US equity
markets. In particular, we explain the liquidity and volatility dynamics via indexes that …

Marketing scholars commonly use Tobin's Q approximation as a metric of firm performance
despite criticism that it might provide false positives for marketing-related research …

In this study, an investigation is conducted into the phenomenon of price clustering in Bitcoin
(BTC) denominated in the Japanese yen (JPY). It answers two questions using tick-by-tick …

Purpose This paper investigates share price clustering and its determinants across Nasdaq
Stockholm, Copenhagen, Helsinki, and Iceland. Design/methodology/approach This paper …

Employing a database of seven successive short-selling and margin trading ban lifts in the
Chinese stock markets during the period 2010–2020, I investigate the impact of leveraged …

Economic theory suggests that introduction of derivative contracts can improve the
informational efficiency of the underlying asset prices (Danthine, 1978). In this study, we …

The literature is rich with examples of price clustering in financial markets. This study
focuses on the relation between mutual fund ownership (both active and passive) and stock …

The cryptocurrency market has been in constant growth over the past decade.
Cryptocurrencies have a market value of $216 billion and daily trading volumes of $154 …

Equity returns are typically assumed to be drawn from a normal distribution. However,
empirical research suggests that this assumption does not generally hold true. Such …

The foundation of economic theory is based on the premise that prices will converge to their
equilibrium value. However, prior research has documented that stock prices cluster on …