Round-number biases and informed trading in global markets
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Business Research"
DOI: 10.1016/j.jbusres.2018.07.027
Abstract: This paper investigates whether informed trading matters to round-number biases. We document the global presence of round-number biases by showing excessive buying (selling) pressure immediately below (above) a rounded threshold. Additionally, we demonstrate that trades… read more here.
Keywords: number biases; round number; global markets; informed trading ... See more keywords