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further unveils product market competition as a channel through which buy orders increase manipulation profits, providing new …
Persistent link: https://www.econbiz.de/10012839910
This paper examines the interplay between financial market trading and product market competition. An entrant learns … trading cost in stock market promotes product market competition …
Persistent link: https://www.econbiz.de/10014354549
even start buying when the stock is underpriced. Competition between the two types of informed traders increases the speed …
Persistent link: https://www.econbiz.de/10012960934
We investigate how the interaction between product market competition and firm-level corporate governance enhances the …
Persistent link: https://www.econbiz.de/10013021973
Recent empirical research purports to show that common ownership by institutional investors harms competition even when … conclusions regarding the effects of minority shareholdings on competition are not well established. Without prejudging what more … drawing policy conclusions from the research to date. The theory of partial ownership does not yield a specific relationship …
Persistent link: https://www.econbiz.de/10012962398
the same industry ("common ownership"). Concerns have been raised that common ownership might harm competition if it … ownership on airline prices using price regressions and a structural oligopoly model consistent with the theory of partial …
Persistent link: https://www.econbiz.de/10012951260
Recently, a number of papers have noted the dramatic increase in the extent to which institutional investors account for the ownership of publicly-traded stock, including holding ownership stakes in multiple market rivals. This change, in turn, has raised the intriguing or disturbing possibility...
Persistent link: https://www.econbiz.de/10012953360
Speed hierarchy not only motivates fast trading competition on less precise information but also renders slower traders …
Persistent link: https://www.econbiz.de/10012898335
We consider the impact of mandatory information disclosure on bank safety in a spatial model of banking competition in …
Persistent link: https://www.econbiz.de/10013153603
In the following paper we analyze the strategic competition between fast and slow traders. The model of Kyle (1985) is …
Persistent link: https://www.econbiz.de/10012960528