Market movers and tote and bookmakers returns: further empirical evidence on a market anomaly

被引：0
|
作者：
Peel, DA [1 ]
Law, D
Cain, M
机构：
[1] Cardiff Business Sch, Cardiff, S Glam, Wales
[2] Univ Aberystwyth, Aberystwyth, Dyfed, Wales
[3] Univ Salford, Salford M5 4WT, Lancs, England
来源：
APPLIED ECONOMICS LETTERS | 1999年 / 6卷 / 12期
关键词：
D O I：
10.1080/135048599352204
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This letter provides empiricial evidence on the impact of market movements in odds between opening and closing prices on relative tote and bookmaker returns when explicit allowence is made for insider trading. The results support an asymetric impact and are not readily reconcilable with market effciency.
引用
收藏
页码：801 / 804
页数：4
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