- 期刊
Transactions Costs and Holding Periods for Common Stocks: Evidence from the UK
並列摘要
Atkins and Dyl (1997) document a positive relationship between transactions costs and holding periods for stocks in the NYSE and the NASDAQ. We provide additional empirical evidence for the London Stock Exchange using data for all the stocks traded on the FTSE All Share Index between 1990 and 1999. We test for the appropriateness of the chosen OLS estimator against an Instrumental Variables alternative. Diagnostic tests do not reveal any misspecification. We find overwhelming evidence to suggest that there is a positive relationship between transactions costs as approximated by the bid-ask spread and holding periods.
參考文獻
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被引用紀錄
楊朝仲（2011）。風險係數應用於我國壽險業之研究-次級房貸風暴前後之比較研究-〔碩士論文，淡江大學〕。華藝線上圖書館。https://doi.org/10.6846/TKU.2011.00765
Tung, Y. C. (2009). 芴系硬桿-柔軟嵌段共聚物:
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延伸閱讀
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- 李亮君、李顯儀、吳幸姬、李欣微（2010）。The Information Transmission Effect of Stock Repurchase for Listed Companies。東吳經濟商學學報，(68)，61-89。https://doi.org/10.29735/SJEB.201003.0003
- Liu, C. W., & Wang, T. C. (2001). The Response of Stock Prices to Permanent and Transitory Shocks to Accounting Earnings. 台灣管理學刊, 1(1), 35-54. https://doi.org/10.6295/TAMJ.2001.0101.03
- 蔡孟學 (2014). Analysis and Influence of Stock News and Transaction Volume [master's thesis, National Tsing Hua University]. Airiti Library. https://www.airitilibrary.com/Article/Detail?DocID=U0016-2105201414244949
- 楊昇翰（2007）。The Relationship between Credit Transaction and Stock Returns〔碩士論文，淡江大學〕。華藝線上圖書館。https://doi.org/10.6846/TKU.2007.00055