Market closings and concentration of stock trading: an empirical analysis

We adopt a power law framework to measure the concentration of daily trading among the different stocks on the US market. Our analysis of the trends of daily concentration over the last five decades reveals that trading concentration is lower on Mondays and the day after a long weekend. These findin...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Applied financial economics 2013-09, Vol.23 (17), p.1393-1398
Hauptverfasser:	Balakrishnan, P. V. (Sundar), Holland, A. Steven, Miller, James M., Shankar, S. Gowri
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital concentration Industrial concentration Insider dealing Market timing Organizational behavior power law Securities markets Securities trading Stock exchange Studies Traders trading concentration U.S.A weekend effect Zipf distribution
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!