Algorithmic trading and changes in firms equity capital
We use a large sample from 2001 to 2009 that incorporates intraday transactions data from 39 exchanges and an average of 12,800 different common stocks to assess the effect of algorithmic trading (AT) on firms’ capital raising activities. Greater AT reduces net equity issues over the next year, but...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2012
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5301 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6300/viewcontent/SSRN_id2050856.pdf |
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| Institution: | Singapore Management University |
| Language: | English |