Purpose - The article examines the possible long-run and short-run impact of regulatory quality on stock market performance in Nigeria for 1996-2019 period. Design/methodology/approach - The study adopts autoregressive distributed lag (ARDL) bounds test and cointegrating regression techniques....

We analyze how market fragmentation affects market quality of SME and other less actively traded stocks. Compared to large stocks, they are less likely to be traded on multiple venues and show, if at all, low levels of fragmentation. Concerning the impact of fragmentation on market quality, we...

In light of previous literature that has investigated the effects of MiFID and MiFID II regulation on stock market liquidity, we investigate whether the introduction of MiFID II in Romania has had any effect on the stock market liquidity. Through our empirical analysis, we were able to estimate...