Huang, Yu Chuan; Chan, Shu Hui - In: Review of Pacific Basin Financial Markets and Policies … 17 (2014) 04, pp. 1450026-1
On 1 July, 2002, the Taiwan Stock Exchange changed its closing mechanism to a five-minute call auction to limit market manipulation at day's end and enhance the fairness of the closing price. This paper examines the effect of the new closing mechanism on the behavior of attention securities and...
