PERUBAHAN BID ASK SPREAD DI SEPUTAR PENGUMUMAN LABA UNTUK SAHAM PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA
نویسندگان
چکیده
منابع مشابه
Bid-ask spread modelling, a perturbation approach
Our objective is to study liquidity risk, in particular the so-called “limit order books”, as a by-product of market uncertainties. “Limit order books” describe the existence of different sell and buy prices, which we explain by using different risk aversions of the agents. The risky assets follows a local volatility diffusion governed by a Brownian motion which is uncertain. We use the error t...
متن کاملExpected Return and the Bid-Ask Spread
This paper empirically examines the relation between the expected stock return and the bid-ask spread. Using the same portfolio formation method as in Amihud and Mendelson (1986) but different test methodologies, we do not find any clear reliable relation between the CAPM risk-adjusted return and the relative bid-ask spread. Our empirical results are more consistent with the conclusions of Cons...
متن کاملThe Effect of Codes of Ethics and Personal Denial of Responsibility on Computer Abuse Judgments and Intentions
Masalah Salah satu masalah yang dihadapi berbagai organisasi dewasa ini adalah banyaknya tindakan penyalahgunaan komputer, meliputi di antaranya penyebaran virus, pemalsuan identitas, duplikasi perangkat lunak secara ilegal, hingga sabotase terhadap perusahaan dengan menggunakan komputer. Sebagian perusahaan telah mulai menetapkan sejumlah kode etik, yiatu segala pernyataan perusahaan mengenai ...
متن کاملInformation-Based Trading and the Bid-Ask Spread
We analyze the equilibrium spread when the transaction size of informed traders is elastic in the value of private information (α). We show that the pooling equilibrium is likely to be inefficient when trade size is sensitive to α and the inefficient equilibrium can occur before the market breaks down. The pooling equilibrium spread does not monotonically increase with α, although it increases ...
متن کاملThe optimal bid/ask spread in a Specialist System
a r t i c l e i n f o In this work we propose a simple market model where some features of the Specialist System are analyzed. In particular, the specialist's obligation to display bid/ask quotes on the book within the bounds imposed by the Exchange is considered. The proposed model allows to analyze the effects of the specialist's interventions on the short term dynamics of bid/ask prices and ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Benefit: Jurnal Manajemen dan Bisnis
سال: 2017
ISSN: 2541-2604,1410-4571
DOI: 10.23917/benefit.v1i2.3256