9781332596089 - trading volume with private valuations (classic reprint): theory and evidence from the ex-dividend day: theory and evidence from the ex-dividend day (classic reprint) di michaely, roni (3 risultati)
- Brossura
Da: PBShop.store US, Wood Dale, IL, U.S.A.PBShop.store US
Contatta il venditoreVenditore con 5 stelleCondizione: Nuovo
EUR 25,26
Spedizione gratuitaSpedito in U.S.A.Quantità: 15 disponibili
PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.
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Da: PBShop.store UK, Fairford, GLOS, Regno UnitoPBShop.store UK
Contatta il venditoreVenditore con 5 stelleCondizione: Nuovo
EUR 24,97
EUR 3,86 spedizioneSpedito da Regno Unito a U.S.A.Quantità: 15 disponibili
PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.
Altre immagini- Brossura
- Print on Demand
Da: Forgotten Books, London, Regno UnitoForgotten Books
Contatta il venditoreVenditore con 4 stelleCondizione: Nuovo
EUR 16,10
Spedizione gratuitaSpedito da Regno Unito a U.S.A.Quantità: Più di 20 disponibili
Paperback. Condizione: New. Print on Demand. This book delves into the intricate relationship between investors, risk, transaction costs, and trading volume. The author provides a unique lens to examine the theory of market volume, arguing that unlike in complete markets, heterogeneous preferences alone cannot explain trading vo…lume in real markets. To solve this conundrum, the author explores the impact of heterogeneous valuations as opposed to heterogeneous information. The book is both theoretically rich and empirically grounded. It utilizes the unique nature of trading motives around the distribution of cash dividends, where trading results from differential valuations rather than differences in opinion or information. In doing so, the book uncovers how an increase in risk or transaction costs can reduce trading volume. It also demonstrates the significant role that non-systematic risk plays in determining the volume of trade. Furthermore, the book highlights that trading volume is positively related to the degree of heterogeneity and the incentives of various groups to engage in trading. Rich with insights and practical applications, this book is an essential resource for scholars, practitioners, and policymakers seeking a deeper understanding of market volume and its implications for investment strategies and market dynamics. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.
