Stock splits, tick size, and sponsorship

Article Abstract:

Analysis of small buy orders following stock splits shows they tend to encourage an increase in trading costs. Since splits often motivate brokers to promote stocks, market making costs shows a tendency to decline after splits.

Common Stocks, Stock splitting

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Corporate bond trading costs: a peek behind the curtain

Article Abstract:

This article evaluates institutional corporate bond trading to estimate transaction costs for over-the-counter bond markets. The author finds that larger trades have lower trading costs, small institutions pay more than large institutions in order to trade, and large bond dealers charge less than small ones.

Statistical Data Included, Stocks, Markets (Economics), Finance, Corporate bonds

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Pseudo market timing and the long-run underperformance of IPOs

Article Abstract:

The underperformance of initial public offerings was due to companies initiating the offerings when they could obtain higher prices for the stock, according to this study.

Science & research, Research, Going public (Securities), Initial public offerings, Company public offering, Market timing

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