Stock margins and the condition probability of price reversals
Does the cost of trading affect stock prices? Yes, according to the evidence in this article. The authors find that high costs seem to reduce the frequency of price reversals.
Volume (Year): (2001)
Issue (Month): Q III ()
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"Margin Requirements, Volatility, And The Transitory Component Of Stock Prices,"
fb-_88-38, Columbia - Graduate School of Business.
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