Please use this identifier to cite or link to this item: https://ptsldigital.ukm.my/jspui/handle/123456789/783647
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dc.contributor.authorHun Y. Park-
dc.date.accessioned2026-06-09T15:50:27Z-
dc.date.available2026-06-09T15:50:27Z-
dc.identifier.urihttps://ptsldigital.ukm.my/jspui/handle/123456789/783647-
dc.description.abstractIIt has been generally well-known that opening prices are more volatile than closing prices in the stock market, and that the intraday volatility pattern is U-shaped. The different volatilities around the opening and closing times have often been attributed to the different trading mechanists by which the prices are determined: the opening transactions in the NYSE represent the outcome of an auction trading procedure, whereas closing prices are determined by the market-makers.en_US
dc.language.isoenen_US
dc.subjectTrading mechanismsen_US
dc.titleTrading mechanisms, speculative behavior of investors, and the volatility of pricesen_US
dc.typeSeminar Papersen_US
dc.format.pages12-13en_US
dc.identifier.callnoHC681.P338 1990 katsemen_US
dc.contributor.conferencenamePacific-Basin Finance Conference-
dc.coverage.conferencelocationBangkok, Thailand-
dc.date.conferencedate1990-06-04-
Appears in Collections:Seminar Papers/ Proceedings / Kertas Kerja Seminar/ Prosiding

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