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

页码：23 / 35

页数：12

共 12 条

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