Search Results - "Schultz, Paul H"

Perspectives on Dodd-Frank and Finance by Schultz, Paul H, Spatt, Chester, White, Lawrence J, Hoenig, Thomas, Kashyap, Anil K, Thakor, Anjan V, Walsh, John, Overdahl, James, Barth, James R, Dearie, John

“…The Dodd--Frank Wall Street Reform and Consumer Protection Act, passed by Congress in 2010 largely in response to the financial crisis, created the Financial…”
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Why do NASDAQ Market Makers Avoid Odd-Eighth Quotes? by CHRISTIE, WILLIAM G., SCHULTZ, PAUL H.

“…The NASDAQ multiple dealer market is designed to produce narrow bid-ask spreads through the competition for order flow among individual dealers. However, we…”
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Why Did NASDAQ Market Makers Stop Avoiding Odd-Eighth Quotes? by CHRISTIE, WILLIAM G., HARRIS, JEFFREY H., SCHULTZ, PAUL H.

“…On May 26 and 27, 1994 several national newspapers reported the findings of Christie and Schultz (1994) who cannot reject the hypothesis that market makers of…”
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Effects of Market Reform on the Trading Costs and Depths of Nasdaq Stocks by Barclay, Michael J., Christie, William G., Harris, Jeffrey H., Kandel, Eugene, Schultz, Paul H.

“…The relative merits of dealer versus auction markets have been a subject of significant and sometimes contentious debate. On January 20, 1997, the Securities…”
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Market Structure and the Intraday Pattern of Bid-Ask Spreads for NASDAQ Securities by Chan, K. C., Christie, William G., Schultz, Paul H.

“…This article examines the intraday pattern of bid-ask spreads among NASDAQ stocks. We find that spreads are relatively stable throughout the day but narrow…”
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Regulatory Uncertainty and Market Liquidity: The 2008 Short Sale Ban's Impact on Equity Option Markets by BATTALIO, ROBERT, SCHULTZ, PAUL

“…We examine how the September 2008 short sale restrictions and the accompanying confusion and regulatory uncertainty impacted equity option markets. We find…”
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A Simple Way to Estimate Bid-Ask Spreads from Daily High and Low Prices by CORWIN, SHANE A., SCHULTZ, PAUL

“…We develop a bid-ask spread estimator from daily high and low prices. Daily high (low) prices are almost always buy (sell) trades. Hence, the high-low ratio…”
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The papers I can't write by Schultz, Paul

“…In this future directions in finance article, I discuss several topics that I believe are promising areas for research. The topics fall into three areas: the…”
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The market for new issues of municipal bonds: The roles of transparency and limited access to retail investors by Schultz, Paul

“…I examine how transparency and interdealer trading affects prices investors pay in municipal bond offerings. Real-time trade reporting for municipal bonds…”
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The trading profits of SOES bandits by Harris, Jeffrey H., Schultz, Paul H.

“…SOES bandits are individual investors who use Nasdaq's Small Order Execution System (SOES) for day trading. Their average profit per trade is small, but they…”
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Residential Real Estate Investments and Investor Characteristics by D’Lima, Walter, Schultz, Paul

“…We investigate the returns to individuals who invested in residential real estate over 1999–2015. Using purchase and sales prices, we measure returns on…”
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Buy-to-Rent Investors and the Market for Single Family Homes by D’Lima, Walter, Schultz, Paul

“…We examine the impact of house purchases by large buy-to-rent investors on local real estate markets. First, we present micro-level evidence of positive…”
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Pseudo Market Timing and the Long-Run Underperformance of IPOs by Schultz, Paul

“…Numerous studies document long-run underperformance by firms following equity offerings. This paper shows that underperformance is very likely to be observed…”
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The initiation and withdrawal of odd-eighth quotes among Nasdaq stocks: an empirical analysis by Christie, William G., Schultz, Paul H.

“…Christie and Schultz (1994), (Journal of Finance, 49, 1813–1840) find that market makers in many active Nasdaq stocks avoid odd-eighth quotes. This paper…”
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Liquidity: Urban versus rural firms by Loughran, Tim, Schultz, Paul

“…Our paper examines the impact of geographic location on liquidity for U.S. rural- and urban-based companies. Even after adjusting for size and other factors,…”
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Corporate Bond Trading Costs: A Peek Behind the Curtain by Schultz, Paul

“…ABSTRACT In this paper, I use institutional corporate bond trade data to estimate transactions costs in the over‐the‐counter bond market. I find average…”
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Options and the Bubble by BATTALIO, ROBERT, SCHULTZ, PAUL

“…Many believe that a bubble existed in Internet stocks in the 1999 to 2000 period, and that short-sale restrictions prevented rational investors from driving…”
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Downward-Sloping Demand Curves, the Supply of Shares, and the Collapse of Internet Stock Prices by SCHULTZ, PAUL

“…Over March and April 2000, Internet stocks lost 56%, or $700 billion. This sudden collapse has been attributed to an increasing supply of shares from lockup…”
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The Controversial New Disclosure Requirements in Dodd–Frank by Paul H. Schultz

“…The Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 touches on almost all areas of finance. Two of the lesser-known provisions — the internal…”
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The Role of IPO Underwriting Syndicates: Pricing, Information Production, and Underwriter Competition by CORWIN, SHANE A., SCHULTZ, PAUL

“…We examine syndicates for 1,638 IPOs from January 1997 through June 2002. We find strong evidence of information production by syndicate members. Offer prices…”
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