Technology upgrades in emerging equity markets: Effects on liquidity and trading activity

dc.authoridYilmaz, Mustafa Kemal/0000-0001-6036-0559|Yilmaz, Mustafa Kemal/0000-0001-6036-0559|Eraslan, Veysel/0000-0003-0997-818X|Erdem, Orhan/0000-0002-0173-2364
dc.authorwosidYilmaz, Mustafa Kemal/S-5794-2019
dc.authorwosidYılmaz, Mustafa Kemal/ABF-2616-2021
dc.authorwosidYilmaz, Mustafa Kemal/S-9489-2017
dc.authorwosidErdem, Orhan/HHN-7313-2022
dc.contributor.authorYilmaz, Mustafa Kemal
dc.contributor.authorErdem, Orhan
dc.contributor.authorEraslan, Veysel
dc.contributor.authorArik, Evren
dc.date.accessioned2024-07-18T20:42:38Z
dc.date.available2024-07-18T20:42:38Z
dc.date.issued2015
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractThis study examines the effects of technological changes on liquidity of stock markets. Utilizing daily data of 361 stocks from 10 emerging market exchanges, namely Colombia, Indonesia, Johannesburg, Korea, Malaysia, Mexico, Russia, Shanghai, Shenzhen and Thailand, a panel data regression analysis shows that technological upgrade decreases the bid-ask spread and increases trading activity. In other words, launching a more sophisticated trading platform contributes to the overall liquidity of the market. (C) 2015 Elsevier Inc. All rights reserved.en_US
dc.identifier.doi10.1016/j.frl.2015.05.012
dc.identifier.endpage92en_US
dc.identifier.issn1544-6123
dc.identifier.issn1544-6131
dc.identifier.scopus2-s2.0-84939272281en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage87en_US
dc.identifier.urihttps://doi.org/10.1016/j.frl.2015.05.012
dc.identifier.urihttps://hdl.handle.net/11411/7370
dc.identifier.volume14en_US
dc.identifier.wosWOS:000360322200011en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherAcademic Press Inc Elsevier Scienceen_US
dc.relation.ispartofFinance Research Lettersen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectMarket Microstructureen_US
dc.subjectTechnological Upgradeen_US
dc.subjectHigh Frequency Tradingen_US
dc.subjectEmerging Marketsen_US
dc.subjectLiquidityen_US
dc.subjectReformsen_US
dc.subjectQualityen_US
dc.titleTechnology upgrades in emerging equity markets: Effects on liquidity and trading activityen_US
dc.typeArticleen_US

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