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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Prices, Trading Activity, And Market Quality In The Modern Otc Marketplace, Ryan Davis
Prices, Trading Activity, And Market Quality In The Modern Otc Marketplace, Ryan Davis
Electronic Theses and Dissertations
In Part 1, I study over 10,000 OTC securities that are organized into one of three tiered marketplaces (OTCQX, OTCQB, and OTC Pink) based on the quality and quantity of information a firm makes available. My analysis adds to the literature by providing a more complete picture of trading in this market. I examine determinants of trading within the tiers and compare trading metrics of the biggest return winners and losers during the sample period. I also examine if day-of-the week effects previously documented for listed securities exist in the OTC market. A large portion of these securities are penny …
Outsourcing And The Pupil Transportation Industry In Minnesota: An Economic Evaluation, Conrad Yelsong Puozaa
Outsourcing And The Pupil Transportation Industry In Minnesota: An Economic Evaluation, Conrad Yelsong Puozaa
Electronic Theses and Dissertations
Private participation in the provision of public services is often promoted as a means to reducing production costs in the public sector. In this study, I test this result using a twelve-year panel dataset of 343 public school districts in Minnesota. The voting behavior of residents in the state’s House elections and school districts’ prior experience with contractors are used as instruments to control for the endogenous decision to outsource. The first stage results from fixed-effects two stage least squares (2SLS) regression show that the two instruments, population density and the number of school days increase the likelihood of outsourcing …
Order Behavior In High Frequency Markets, Brian Roseman
Order Behavior In High Frequency Markets, Brian Roseman
Electronic Theses and Dissertations
In Part 1, I study the characteristics of short orders in stock markets. Fleeting orders are quick limit orders that remain on the limit order book for only a few seconds before being canceled, and are significantly different than more patient, static, limit orders that are added to the limit order book and await execution. I investigate the impact that fleeting orders have on spread and depth measures of market quality, and how fleeting orders differ from static orders. Attention is also given to the extent that total depth can be decomposed into the two components of fleeting and static …