scholarly journals Financial transaction taxes and the informational efficiency of financial markets: a structural estimation

2019 ◽  
Author(s):  
Andreas Uthemann ◽  
Antonio Guarino ◽  
Marco Cipriani
Keyword(s):  
Financial Markets ◽  
Structural Estimation ◽  
Informational Efficiency ◽  
Financial Transaction ◽  
Transaction Taxes

scholarly journals Financial Markets’ Governance, Transparency and Informational Efficiency: Role of IfRS Norms, Auditors and Financial Analysts

2016 ◽  
Vol 9 (5) ◽  
pp. 100
Author(s):  
Imen Lamiri ◽  
Adel Boubaker
Keyword(s):  
Financial Markets ◽  
Stock Prices ◽  
Stock Price ◽  
Financial Analysts ◽  
Negative Relationship ◽  
Developed Countries ◽  
Coefficient Of Determination ◽  
Specific Information ◽  
Informational Efficiency

<p>This article explores the informational role of three essential modern financial markets actors such IFRS norms, the Big”4” and the financial analysts for a panel of emergent and developed countries during the period from 2001 to 2010. We hypothesis that these mechanisms help improving the quality of specific information incorporated into stock prices measured by the stock price synchronicity (SPS). The main result is that both financial analyst’s coverage and IFRS adoption's effects seem to be stronger for emerging than developed markets. The results also show a negative relationship between auditors’ opinion and coefficient of determination (R<sup>2</sup>).</p>

AN EXAMINATION OF IN-PLAY SPORTS BETTING USING ONE-DAY CRICKET MATCHES

2012 ◽  
Vol 1 (2) ◽  
pp. 93-109
Author(s):  
Steve Easton ◽  
Katherine Uylangco
Keyword(s):  
Financial Markets ◽  
Psychological Factors ◽  
Predictive Ability ◽  
Sports Betting ◽  
Bad News ◽  
Good News ◽  
Informational Efficiency ◽  
Betting Market ◽  
Betting Markets ◽  
Betting Odds

There is a wide literature on sports betting markets, a literature that examines the informational efficiency of these markets and uses them as laboratories to test for possible impacts of psychological factors on financial markets. The innovation of this study is the examination of price behaviour in an in-play betting market – namely that for one-day cricket. Cricket provides an ideal construct in which to examine in-play market behaviour, as it is a sport where outcomes can be calibrated as good news or bad news on a play-by-play basis. The results from an examination of over 8000 balls corresponding to over 8000 “news events” shows that the in-play betting market is one in which news is impounded rapidly into betting odds. There is also evidence that odds have a level of predictive ability with respect to outcomes from balls before they are bowled. Further, there is evidence of a drift in odds subsequent to the outcome of balls being known.

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