Chung, Kee; Chuwonganant, Chairat; McCormick, D. - In: Review of Quantitative Finance and Accounting 27 (2006) 4, pp. 343-364
Although prior studies offer various conjectures on the causes and consequences of order preferencing, there is only … limited empirical evidence. In this study, we show that the extent of order preferencing is significantly and negatively …) orders based on information content. Our results suggest that order preferencing may not be as harmful as some researchers …
