Liquidity, information and market efficiency: an intraday approach on a frontier stock market

被引：0
|
作者：
Todea, Alexandru [1 ]
Rusu, Andrei [1 ]
机构：
[1] Babes Bolyai Univ, Fac Econ & Business Adm, Cluj Napoca, Romania
来源：
ECONOMICS BULLETIN | 2014年 / 34卷 / 04期
关键词：
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The positive impact of liquidity on market efficiency has been confirmed on the Bucharest Stock Exchange using high frequency data. Stock market efficiency is significantly higher during informational periods and lower in non informational periods. Liquidity improves the price discovery process regardless of the informational environment,
引用
收藏
页码：2303 / 2314
页数：12
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