Price Clustering and Price Barriers: International Evidence

In this paper, I try to complement the existing literature by empirically examining the effect of price clustering and price barriers based on the international stock market. Evidence suggests that a strong effect of clustering and barriers is observed on last digit 0. Such effect is not robust and...

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Bibliographic Details
Main Author: Chen Tao
Format: Article
Language:English
Published: Sciendo 2014-12-01
Series:Nang Yan Business Journal
Subjects:
G02
G15
Online Access:http://www.degruyter.com/view/j/nybj.2014.3.issue-1/nybj-2015-0001/nybj-2015-0001.xml?format=INT