IS INFORMATION DISCLOSURE SYSTEM IMPROVES MARKET PERFORMANCE? CASE OF INDONESIAN STOCK EXCHANGE

Finance & Accounting Research Journal

View Publication Info
 
 
Field Value
 
Title IS INFORMATION DISCLOSURE SYSTEM IMPROVES MARKET PERFORMANCE? CASE OF INDONESIAN STOCK EXCHANGE
 
Creator Sukino, Tole
 
Subject Futures Markets
Market Transparency
Pre-market Transparency
Volume
Liquidity
Volatility
 
Description Information disclosure prior to opening is implemented by Indonesian stock exchange for improving the pre-market information closure transparency. Based on the policy, information related to the bid/ask volume, five best bid/ask prices, trading volume, and transaction price is disclosed. In this study, investigation is made about the influence of pre-market information on the market quality measures including volatility, liquidity, and trading volume. Intraday day data is collected within the opening of first five minutes or one minute in selected months. Results of the study indicate that pre-market information disclosure transparency is influencing the market quality measures significantly.
 
Publisher Fair East Publishers
 
Date 2020-06-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://fepbl.com/index.php/farj/article/view/105
 
Source Finance & Accounting Research Journal; Vol. 2 No. 2 (2020); 66-75
2708-6348
2708-633X
 
Language eng
 
Relation http://fepbl.com/index.php/farj/article/view/105/277
 
Rights Copyright (c) 2020 Tole Sukino
https://creativecommons.org/licenses/by-nc/4.0
 

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