LAUSR

Disposition sales and stock market liquidity

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0 Published in 2019 at "Journal of Financial Markets"

DOI: 10.1016/j.finmar.2019.04.003

Abstract: This paper studies the impact of the disposition effect, which results in uninformed sales when investors realize their capital gains. Market makers should post tighter bid-ask spreads and quote prices that are less sensitive to… read more here.

Keywords: stock market; disposition sales; market liquidity; disposition ... See more keywords