Search Results - "Angel, James J."

Short-Selling Prior to Earnings Announcements by Christophe, Stephen E., Ferri, Michael G., Angel, James J.

“…This paper examines short-sales transactions in the five days prior to earnings announcements of 913 Nasdaq-listed firms. The tests provide evidence of…”
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Fairness in Financial Markets: The Case of High Frequency Trading by Angel, James J., McCabe, Douglas

“…Recent concern over "high frequency trading" (HFT) has called into question the fairness of the practice. What does it mean for a financial market to be…”
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The Ethics of Payments: Paper, Plastic, or Bitcoin? by Angel, James J., McCabe, Douglas

“…Individuals and businesses make numerous payments every day. They sometimes have choices about what forms of payment to make or accept, and at other times are…”
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Insider Trading 2.0? The Ethics of Information Sales by Angel, James J., McCabe, Douglas M.

“…The sale of faster access to financial market data has recently generated public controversy. NY Attorney General Eric Schneiderman has referred to such fast…”
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When Finance Meets Physics: The Impact of the Speed of Light on Financial Markets and Their Regulation by Angel, James J.

“…Modern physics has demonstrated that matter behaves very differently as it approaches the speed of light. This paper explores the implications of modern…”
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Ethical Standards for Stockbrokers: Fiduciary or Suitability? by Angel, James J., McCabe, Douglas

“…What are the ethical obligations of the sellers of financial products to their customers? Stockbrokers in the U.S. have a legal and ethical requirement to…”
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ETF Transaction Costs Are Often Higher Than Investors Realize by Angel, James J., Broms, Todd J., Gastineau, Gary L.

“…Exchange-traded funds (ETFs) and other exchange-traded products (ETPs) provide simple and efficient diversification and exposure to a wide range of investment…”
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Tick Size, Share Prices, and Stock Splits by ANGEL, JAMES J.

“…Minimum price variation rules help explain why stock prices vary substantially across countries, and other curiosities of share prices. Companies tend to split…”
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The Ethics of Speculation by Angel, James J., McCabe, Douglas M.

“…Recently there has been an outpouring of consumer frustration over rising food and energy prices. Many politicians railed against "speculators" who allegedly…”
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The Business Ethics of Short Selling and Naked Short Selling by Angel, James J., McCabe, Douglas M.

“…The controversy over short selling has continued unabated from the introduction of modern equity trading in Amsterdam in 1610 to the present day. Nevertheless,…”
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The Ethics of Managerial Compensation: The Case of Executive Stock Options by Angel, James J., McCabe, Douglas M.

“…This paper examines the ethics of contemporary managerial compensation in the context of executive stock options. Economic considerations would dictate that…”
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Short Selling and the Weekend Effect in Nasdaq Stock Returns by Christophe, Stephen E., Ferri, Michael G., Angel, James J.

“…We examine daily short selling of Nasdaq stocks to explore whether speculative short selling causes a significant portion of the weekend effect in returns. We…”
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A Close Look at Short Selling on Nasdaq by Angel, James J., Christophe, Stephen E., Ferri, Michael G.

“…We examine the frequency of short selling in stocks listed in the Nasdaq market. Using previously unavailable transaction data, we can report several findings:…”
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The rise and fall of the Amex Emerging Company Marketplace by Aggarwal, Reena, Angel, James J.

“…In 1992, the Amex launched the Emerging Company Marketplace (ECM) to trade the stocks of small but growing companies. Bid–ask spreads decreased dramatically…”
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Discussion of “Stock exchange governance and market quality” by Krishnamurti, Sequeira, and Fangjian by Angel, James J

“…Comments on Krishnamurti, Sequeira and Fangjian's article, "Stock exchange governance and market quality," are provided. This interesting paper examines an…”
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Should Owners of Nasdaq Stocks Fear Short-Selling? by Christophe, Stephen E., Ferri, Michael G., Angel, James J.

“…It is interesting to look at the daily association between market-adjusted returns of Nasdaq stocks and the percentages of trading volume attributable to…”
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WHEN-ISSUED SHARES, SMALL TRADES, AND THE VARIANCE OF RETURNS AROUND STOCK SPLITS by Angel, James J., Brooks, Raymond M., Mathew, Prem G.

“…The increases in volatility after stock splits have long puzzled researchers. The usual suspects of discreteness and bid‐ask spread do not provide a complete…”
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Nonstandard-Settlement Transactions by Angel, James J.

“…Most NYSE trades settle in three business days, the customary period for a "regular-way" trade. Nonstandard-settlement trades settle at other times--usually on…”
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Factors Affecting the Value of the Stock Voting Right: Evidence from the Swiss Equity Market by Kunz, Roger M., Angel, James J.

“…Switzerland offers a natural setting for investigating factors that affect the value of voting rights, because many Swiss firms have multiple classes of shares…”
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Picking Your Tick: Toward a New Theory of Stock Splits by Angel, James J.

“…Thanks to stock splits, the average nominal share price has been amazingly stable in the United States. The average NYSE share price has fluctuated within the…”
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