Now showing items 11-20 of 22
Friend or foe? Foreign investors and the liquidity of six asian emerging markets
(John Wiley & Sons, Inc., 2010)
Studying foreign flows and the liquidity of six Asian markets and the Johannesburg Stock Exchange, we provide evidence of two contrary effects of foreigners on liquidity. On the one hand, foreign trade has a negative but ...
Do news improve liquidity through improved information or visibility? Evidence from Emerging Markets.
(Universidad EAFIT, 2015-03-01)
Market microstructure models imply that informed trading reduces liquidity. We test for the effect of the frequency of new releases, as a proxy of information arrival, on liquidity in the Chilean stock market. We find ...
A History of Violence: The impact of early violence exposure on financial risk preferences
(Universidad EAFIT, 2015-02-06)
This paper examines whether growing up in areas with high homicide rates affects financial risk preferences. Our key conjecture is that individuals who have grown up in violent areas possess more risk averse financial ...
Who knows better in an Emerging Market? Performance of Institutions, Foreigners and Individuals.
(Universidad EAFIT, 2015-12-01)
We find that local investors do better than foreigners in terms of trading execution. However foreign investors obtain better returns than local individuals both in short and long term. Local institutions are the best ...
Volatility transmission between US and Latin American Stock Markets: testing the decoupling hypothesis.
(Universidad EAFIT, 2015-10-01)
We test for volatility transmission between US and the six largest Latin American stock markets (Argentina, Brazil, Chile, Colombia, Mexico and Peru) using MGARCH-BEKK models in daily frequency from March 1993 to March ...
Asimetría en la información y su efecto en los rendimientos en los mercados accionarios latinoamericanos
(Universidad Autónoma del Estado de México, 2012)
Liquidity spillover effects of equity offerings over dual-class shares
(Universidad EAFIT, 2014-07-01)
We study the spillover effect from equity offerings over dual-class shares. Whereas, evidence has been found that a seasoned equity offering improves stock liquidity, the effect over the liquidity of different type shares ...
Market quality and structural changes in the trading system: The case of X-Stream on the Colombian stock exchange.
(Universidad EAFIT, 2014-03-01)
We study the effect of X-Stream, the new trading platform of the Colombian Stock Exchange since February 2009, on the quality of the stock market. Contributing to the literature on market quality, this paper provides novel ...
How does information disclosure affect liquidity? Evidence from an Emerging Market
(Universidad EAFIT, 2018-11)
Cross-sectional models positively relate firm information disclosure with stock liquidity, but dynamic models in news releases days show an opposite relation. We address this puzzle by studying the effects of information ...
Behavioral Finance. Una introducción a los conceptos y aplicaciones
(Universidad EAFIT, 2018-11)