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Trading Rules, Competition for Order Flow and Market Fragmentation
16 references·4 citing·49 second hop
Trading Rules, Competition for Order Flow and Market Fragmentation (2013)Trading Rules, Competition for Order Flow…Do Dark Pools Harm Price Discovery? (2013)Do Dark Pools Harm Price Disc…Is market fragmentation harming market quality? (2011)Is market fragmentation harmi…The Effect of SOX Section 404: Costs, Earnings Quality, and Stock Prices (2010)The Effect of SOX Section 404…Simple formulas for standard errors that cluster by both firm and time (2010)Simple formulas for standard …Did Securitization Lead to Lax Screening? Evidence from Subprime Loans* (2010)Did Securitization Lead to La…Did Securitization Lead to Lax Screening? Evidence from Subprime Loans (2010)Did Securitization Lead to La…Control Rights and Capital Structure: An Empirical Investigation (2009)Control Rights and Capital St…How Does Financing Impact Investment? The Role of Debt Covenants (2008)How Does Financing Impact Inv…Investment and Financing Constraints: Evidence from the Funding of Corporate Pension Plans (2006)Investment and Financing Cons…Issues in assessing trade execution costs (2003)Issues in assessing trade exe…Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Trading Is Hazardous to Your …In Search of Liquidity: Block Trades in the Upstairs and Downstairs Markets (1997)In Search of Liquidity: Block…Cream-Skimming or Profit-Sharing? The Curious Role of Purchased Order Flow (1996)Cream-Skimming or Profit-Shar…An Analysis of Intraday Patterns in Bid/Ask Spreads for NYSE Stocks (1992)An Analysis of Intraday Patte…Stock Price Clustering and Discreteness (1991)Stock Price Clustering and Di…Equilibrium Block Trading and Asymmetric Information (1990)Equilibrium Block Trading and…Tick Size Wars: The Market Quality Effects of Pricing Grid Competition (2022)Tick Size Wars: The Market Qu…Dark Trading Volume and Market Quality: A Natural Experiment (2018)Dark Trading Volume and Marke…The Value of a Millisecond: Harnessing Information in Fast, Fragmented Markets (2016)The Value of a Millisecond: H…Dark Trading and Price Discovery (2012)Dark Trading and Price Discov…Liquidity and Market Structure (1988)Trading and Exchanges: Market Microstructure for Practitioners (2002)The Determinants of Underpricing for Seasoned Equity Offers (2003)Realized Volatility: A Review (2008)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Price, trade size, and information in securities markets (1987)Inferring Trade Direction from Intraday Data (1991)Inferring investor behavior: Evidence from TORQ data (2000)Price Discovery and Trading After Hours (2003)Market microstructure: A survey of microfoundations, empirical results, and policy implications (2005)The Cost of Transacting (1968)Stock returns and the weekend effect (1980)Variations in Trading Volume, Return Volatility, and Trading Costs: Evidence on Recent Price Formation Models (1993)Why do NASDAQ Market Makers Avoid Odd-Eighth Quotes? (1994)Order flow composition and trading costs in a dynamic limit order market (1999)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The role of information and financial reporting in corporate governance and debt contracting (2010)The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008–9 Financial Crisis * (2013)Environmental Externalities and Cost of Capital (2014)Corporate financing and investment decisions when firms have information that investors do not have (1984)Econometric Analysis of Cross Section and Panel Data (2001)Is cash negative debt? A hedging perspective on corporate financial policies (2007)Military CEOs (2014)Financing Innovation: Evidence from R&D Grants (2017)Common risk factors in the returns on stocks and bonds (1993)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)On Persistence in Mutual Fund Performance (1997)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Investor Psychology and Asset Pricing (2001)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)Risk, Return, and Equilibrium: Empirical Tests (1973)Biases in Dynamic Models with Fixed Effects (1981)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Low-Latency Trading (2011)High-Frequency Trading and Price Discovery (2014)Corporate Immunity to the COVID-19 Pandemic (2020)Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test (1988)The economics of networks (1996)Market microstructure: A survey (2000)Equilibrium fast trading (2015)High frequency market microstructure (2015)A Review of Empirical Capital Structure Research and Directions for the Future (2011)Friends with money (2011)Liquidity Management and Corporate Investment During a Financial Crisis (2011)Securitization without risk transfer (2012)Information: Hard and Soft (2018)Predictably Unequal? The Effects of Machine Learning on Credit Markets (2021)
this work references cited by second hop

References

  • 2000Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors3,953 cited
  • 2008How Does Financing Impact Investment? The Role of Debt Covenants2,077 cited
  • 2010Simple formulas for standard errors that cluster by both firm and time1,515 cited
  • 2010Did Securitization Lead to Lax Screening? Evidence from Subprime Loans*1,100 cited
  • 1992An Analysis of Intraday Patterns in Bid/Ask Spreads for NYSE Stocks899 cited
  • 2006Investment and Financing Constraints: Evidence from the Funding of Corporate Pension Plans829 cited
  • 2009Control Rights and Capital Structure: An Empirical Investigation649 cited
  • 2011Is market fragmentation harming market quality?578 cited
  • 1991Stock Price Clustering and Discreteness576 cited
  • 1996Cream-Skimming or Profit-Sharing? The Curious Role of Purchased Order Flow537 cited
  • 2010The Effect of SOX Section 404: Costs, Earnings Quality, and Stock Prices502 cited
  • 2010Did Securitization Lead to Lax Screening? Evidence from Subprime Loans472 cited
  • 2003Issues in assessing trade execution costs358 cited
  • 1997In Search of Liquidity: Block Trades in the Upstairs and Downstairs Markets318 cited
  • 1990Equilibrium Block Trading and Asymmetric Information

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310 cited
  • 2013Do Dark Pools Harm Price Discovery?309 cited
  • Cited by

    • 2022Tick Size Wars: The Market Quality Effects of Pricing Grid Competition42 cited
    • 2018Dark Trading Volume and Market Quality: A Natural Experiment28 cited
    • 2016The Value of a Millisecond: Harnessing Information in Fast, Fragmented Markets27 cited
    • 2012Dark Trading and Price Discovery26 cited