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» Resultado: 2 registros
| Registro 1 de 2 | |
| Autor: | Keim, Donald-B - Madhavan, Ananth - |
| Título: | Transactions Costs and Investment Style: An Inter-exchange Analysis of Institutional Equity Trades |
| Fuente: | Journal of Financial Economics. v.46, n.3. Elsevier Science |
| Páginas: | pp. 265-92 |
| Año: | Dec. 1997 |
| Resumen: | This paper examines the magnitude and determinants of transactions costs for a sample of institutional traders with different investment styles. Using order-level data for recent equity transactions totaling $83 billion, the authors find that trading costs are economically significant and increase with trade difficulty. In addition, costs vary with trader-specific factors such as investment style and order submission strategy, as well as stock-specific factors such as exchange listing. The authors find evidence that institutional trades in exchange-listed stocks have lower costs than in comparable NASDAQ stocks. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
| Registro 2 de 2 | |
| Autor: | Keim, Donald-B - Madhavan, Ananth - |
| Título: | Anatomy of the Trading Process: Empirical Evidence on the Behavior of Institutional Traders |
| Fuente: | Journal of Financial Economics. v.37, n.3. Elsevier Science |
| Páginas: | pp. 371-98 |
| Año: | Mar. 1995 |
| Resumen: | This paper examines the behavior of institutional traders. The authors use unique data on the equity transactions of twenty-one institutions of differing investment styles that provide a detailed account of the anatomy of the trading process. The data include information on the number of days needed to fill an order and types of order placement strategies employed. The authors analyze the motivations for trade, the determinants of trade duration, and the choice of order type. The analysis provides some support for the predictions made by theoretical models but suggests that these models fail to capture important dimensions of trading behavior. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
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