Originally published as International Journal of Managerial Finance, volume 5 issue 1
ISSN: 1743-9132
ISBN: 978-1-84855-492-4
Guest edited by: Michael Pagano
This special issue of the International Journal of Managerial Finance features several articles that address key questions in international market microstructure, specifically examining “the significant impact that the structure and design of markets can have on liquidity provision, transaction costs, and a firm’s cost of capital, most notably in emerging markets”. Guest Editor Michael Pagano further contends how the papers present “empirical evidence related to two key areas of interest in international market microstructure studies: 1) the growth in international trading activity and 2) the trends in global transaction costs. In addition, we examine whether international trading costs are closely correlated with recent developments in US financial markets”.
As a result, this special issue of International Journal of Managerial Finance contributes to this growing literature by focusing on important developments in market microstructure across both international equities and derivatives markets.
Contents:
Guest Editorial: International Market Structure: Global Problems and Micro Solutions
Michael S. Pagano
- What order flow reveals about the role of the underwriter in IPO aftermarkets
Michael Aitken, Frederick H. deB. Harris, Thomas H. McInish, Kathryn Wong
- Market making in international capital markets: Challenges and benefits of its implementation in emerging markets
Andreas Charitou, Marios Panayides
- Electronic communication networks, market makers, and the components of the bid-ask spread
T. Shawn Strother, James W. Wansley, Phillip Daves
- On the relationship between trading volume and stock price volatility in CASE
Eric Girard, Mohammed Omran
- Intraday return and volatility spill-over across international copper futures markets
Donald Lien, Li Yang
About International Journal of Managerial Finance
The International Journal of Managerial Finance aims to arm its readership with the latest research and commentary in all areas associated with managerial finance, with an informed, inter-disciplinary and international approach.
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