Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen:
https://hdl.handle.net/10419/23165
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Mizrach, Bruce | en |
dc.date.accessioned | 2009-01-29T15:49:06Z | - |
dc.date.available | 2009-01-29T15:49:06Z | - |
dc.date.issued | 2003 | - |
dc.identifier.uri | http://hdl.handle.net/10419/23165 | - |
dc.description.abstract | I investigate the linkage between liquidity provision by Nasdaq market makers and analysts inthe same firm. Using three measures of market activity, I find that Nasdaq firms are more likelyto provide buy side liquidity in anticipation of upgrades in the period 1999-2000. ECN activitysupports this pattern. Firm level evidence shows that 15 of 42 market makers studied engage insignificant pre-recommendation activity. I estimate cumulative abnormal returns of more than 75%and profits of almost $600 million in a sample of 47 large capitalization stocks. | en |
dc.language.iso | eng | en |
dc.publisher | |aRutgers University, Department of Economics |cNew Brunswick, NJ | en |
dc.relation.ispartofseries | |aWorking Paper |x2003-07 | en |
dc.subject.jel | G24 | en |
dc.subject.jel | G14 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | analyst | en |
dc.subject.keyword | Nasdaq | en |
dc.subject.keyword | market maker | en |
dc.subject.stw | Betriebliche Liquidität | en |
dc.subject.stw | Aktienmarkt | en |
dc.subject.stw | Neuer Markt | en |
dc.subject.stw | Vereinigte Staaten | en |
dc.title | Analyst Recommendations and Nasdaq Market Making Activity | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 377975737 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:rut:rutres:200307 | en |
Datei(en):
Publikationen in EconStor sind urheberrechtlich geschützt.