Are auction markets or dealer markets better able to identify informed traders? Our analysis
of firms that transfer to an alternative exchange structure indicates that traders are more …

This study investigates analysts’ potential conflicts of interest due to the relationship between
research and trading departments. We find evidence of information leakage and front-…

It is well known that incorporating transaction costs into the portfolio construction process is
important and often leads to different investment decisions and, ultimately, investment …

This study investigates analysts' potential conflicts of interest due to the relationship between
research and trading departments within the same brokerage firm. We find evidence …

The crucial assumption in most pre-trade transaction cost models is market neutrality.
Consequently, expected costs for these models are entirely based on one’s own trading strategy …

Most theoretical as well as empirical models in market microstructure model information flow
and insider trading for one stock at a time. Information consists of a market-wide, an industry…

Comments on Mittoo's article'Globalization and the value of US listing: Revisiting Canadian
evidence'are provided. This paper contributes to the ongoing debate over the value of and …

This dissertation investigates whether underlying information structures can be inferred from
observed trading. Most theoretical as well as empirical models in market microstructure …

… Heidle and others. From the … Heidle convincingly showed that market microstructure related
issues may … Heidle as our guest and are looking forward to hearing from him in the future. …

Electronic submissions in PDFfiles are welcome or laser-quality manuscripts may be submitted
in quadruplicate on 8.5" x 11" paper. The cover page must show title, author name (s) …