Cepoi, Cosmin Octavian; Dragotă, Victor; Trifan, Ruxandra - In: Financial innovation : FIN 9 (2023) 1, pp. 1-27
Using data from the Bucharest Stock Exchange, we examine the factors influencing the probability of informed trading (PIN) during February-October 2020, a COVID-19 pandemic period. Based on an unconditional quantile regression approach, we show that PIN exhibit asymmetric dependency with...
