Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 麦建理教授 (金融学系) |
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Scopushttp://aims.cuhk.edu.hk/converis/portal/Publication/5Scopus source URL
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摘要This paper considers the effect of extended trading in stocks that are traded in both Hong Kong and London. Trading volumes in the stocks, in both markets, appear significantly lower on Mondays and Tuesdays and on days immediately after holidays. Studies elsewhere attribute subdued trading on Mondays to the trading activities of institutions. Significant differences in day-of-the week volumes are not apparent between the two markets, however, despite noticeable differences in the proportions of institutional investment in the two settings. More importantly, day-of-the-week variations in market volume are not strongly correlated with the timing of corporate disclosures. However, large Friday volumes in London are noted to coincide with increased macroeconomic disclosure activity in the US.
着者McGuinness P.
期刊名称Applied Financial Economics
出版年份1999
月份12
日期1
卷号9
期次6
出版社Chapman & Hall
出版地United Kingdom
页次61http://aims.cuhk.edu.hk/converis/portal/Publication/5 - 62http://aims.cuhk.edu.hk/converis/portal/Publication/5
国际标準期刊号0960-3107
语言英式英语
