The effect of market transparency: volatility and liquidity in the korean stock market

被引：0
|
作者：
Lee S.B. [1 ]
Chung J.S. [2 ]
机构：
[1] Department of Business Administration, Han Yang University
来源：
Review of Quantitative Finance and Accounting | 1998年 / 11卷 / 1期
关键词：
Korean stock market; Liquidity; Open limit order book; Transparency; Volatility;
D O I：
10.1023/A:1008228107835
中图分类号：
学科分类号：
摘要：
Faced with unprecedented competition, stock markets should have fairness and transparency. The effects of market transparency for the stock market volatility and liquidity will be investigated using the case of the Korean stock market. The evidence from this study indicates that increasing the market transparency makes the price discovery process more efficient than before from the viewpoint of stock market volatility, and increases the stock market liquidity compared with before. © 1998 Kluwer Academic Publishers,.
引用
收藏
页码：23 / 35
页数：12
相关论文
共 50 条
  • [21] Stock Market Declines and Liquidity
    Hameed, Allaudeen
    Kang, Wenjin
    Viswanathan, S.
    JOURNAL OF FINANCE, 2010, 65 (01): : 257 - 293
  • [22] Liquidity in the German Stock Market
    Johann, Thomas
    Scharnowski, Stefan
    Theissen, Erik
    Westheide, Christian
    Zimmermann, Lukas
    SCHMALENBACH BUSINESS REVIEW, 2019, 71 (04) : 443 - 473
  • [23] Privatization and stock market liquidity
    Bortolotti, Bernardo
    de Jong, Frank
    Nicodano, Giovanna
    Schindele, Ibolya
    JOURNAL OF BANKING & FINANCE, 2007, 31 (02) : 297 - 316
  • [24] The day of the week effect on stock market volatility
    Berument H.
    Kiymaz H.
    Journal of Economics and Finance, 2001, 25 (2) : 181 - 193
  • [25] The Effect of the Internet on Stock Market Volume and Volatility
    Vakil, Farok
    Lu, FangLieh Victor
    REVIEW OF BUSINESS, 2005, 26 (03): : 26 - 31
  • [26] Is there a volatility effect in the Hong Kong stock market?
    Nartea, Gilbert V.
    Wu, Ji
    PACIFIC-BASIN FINANCE JOURNAL, 2013, 25 : 119 - 135
  • [27] The effect of uncertainty on stock market volatility and correlation
    Asgharian, Hossein
    Christiansen, Charlotte
    Hou, Ai Jun
    JOURNAL OF BANKING & FINANCE, 2023, 154
  • [28] Liquidity Commonality and its Causes: Evidence from the Korean Stock Market*
    Choe, Hyuk
    Yang, Cheol-Won
    ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, 2010, 39 (05) : 626 - 658
  • [29] Liquidity and volatility in the US Treasury market
    Giang Nguyen
    Engle, Robert
    Fleming, Michael
    Ghysels, Eric
    JOURNAL OF ECONOMETRICS, 2020, 217 (02) : 207 - 229
  • [30] Expectation, volatility and liquidity in the housing market
    Zheng, Xian
    APPLIED ECONOMICS, 2015, 47 (37) : 4020 - 4035
12345