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Parkett und Computer im Preisfindungsprozeß

Author

Listed:
  • Bühler Alfred

    (Dr. des. oec., wissenschaftlicher Mitarbeiter in St. Gallen)

  • Grünbichler Andreas

    (Dr. rer. soc. oec., Universitätsprofessor in Los Angeles)

  • Schmidt Hartmut

    (Dr. rer. oec., Universitätsprofessor in Hamburg)

Abstract

Wenn sich die Kurse an einer Börse schneller an neue Informationen anpassen als an einer anderen, werden Anleger sie ¡grundsätzlich bevorzugen. Es wird mit einem Vektor-Autoregressions-Modell untersucht, ob IBIS als Computerbörse im Preisfindungsprozeß leistungsfähiger ist als das Parkett der Frankfurter Wertpapierbörse.

Suggested Citation

  • Bühler Alfred & Grünbichler Andreas & Schmidt Hartmut, 1995. "Parkett und Computer im Preisfindungsprozeß," Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB), RWS Verlag, vol. 7(3), pages 234-243, September.
    • Handle: RePEc:bpj:zfbrbw:v:7:y:1995:i:3:p:234-243:n:2
    DOI: 10.15375/zbb-1995-0302
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    Cited by:

    1. Theissen, Erik, 2002. "Price discovery in floor and screen trading systems," Journal of Empirical Finance, Elsevier, vol. 9(4), pages 455-474, November.

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