TY - GEN
T1 - Econometric modeling of time series bid-ask (Spread) for a sample of chilean companies
AU - De La Fuente-Mella, Hanns
AU - Campos-Espinoza, Ricardo
AU - Farías, Gonzalo
N1 - Publisher Copyright:
© Springer International Publishing AG 2018.
PY - 2018
Y1 - 2018
N2 - The financial literature associated with capital markets, provide a significant relationship between bid-ask and the degree of disclosure given by companies to the capital market and the bid-ask measured by the spread, this has become accepted a measure of information asymmetries. This research is concerned with the behavior of the stock intraday spread and the factors that can affect it. To carry out the study an empirical analysis of a Chilean companies representing 38% of the total market capitalization of the IPSA is used. The results provide that only the factors, quantity supplied and the broker involved in it, are relevant in explaining the bid-ask (spread).
AB - The financial literature associated with capital markets, provide a significant relationship between bid-ask and the degree of disclosure given by companies to the capital market and the bid-ask measured by the spread, this has become accepted a measure of information asymmetries. This research is concerned with the behavior of the stock intraday spread and the factors that can affect it. To carry out the study an empirical analysis of a Chilean companies representing 38% of the total market capitalization of the IPSA is used. The results provide that only the factors, quantity supplied and the broker involved in it, are relevant in explaining the bid-ask (spread).
KW - Chilean capital market
KW - Information asymmetric
KW - Intraday spread
UR - http://www.scopus.com/inward/record.url?scp=85031300708&partnerID=8YFLogxK
U2 - 10.1007/978-3-319-60372-8_23
DO - 10.1007/978-3-319-60372-8_23
M3 - Conference contribution
AN - SCOPUS:85031300708
SN - 9783319603711
T3 - Advances in Intelligent Systems and Computing
SP - 241
EP - 246
BT - Advances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2017 International Conferences on Human Factors in Management and Leadership, and Business Management and Society
A2 - Barath, Tibor
A2 - Kantola, Jussi Ilari
A2 - Nazir, Salman
PB - Springer Verlag
T2 - AHFE 2017 International Conferences on Human Factors in Management and Leadership, and Business Management and Society, 2017
Y2 - 17 July 2017 through 21 July 2017
ER -