- 요약
- Ⅰ. 서론
- Ⅱ. KRX 대상 기존 연구와의 비교 논의
- Ⅲ. 분석방법
- 1. 호가단위가 유동성에 미치는 영향

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https://www.riss.kr/link?id=A101755974
2009
Korean
호가단위 ; 유동성 ; 시장깊이 ; 시장의 질적 수준 ; 투자자의 주문행태 ; 패널회귀분석 ; 내생적 사건연구 ; Tick Size ; Liquidity ; Market Depth ; Market Quality ; Panel-Data Analysis ; Endogeneous Event Studies
325
KCI등재,SCOPUS
학술저널
71-102(32쪽)
3
0
상세조회0
다운로드목차 (Table of Contents)
참고문헌 (Reference)
1 박종호, "한국주식시장에서 포트폴리오 수익률의 양의 1차 자기상관 : 비동시성 거래효과vs부분가격조정가설" 한국증권학회 34 (34): 33-77, 2005
2 Bourghelle, N., "Why markets should not necessarily reduce tick size?" 28 : 373-398, 2004
3 Duarte, J., "Why is PIN priced?" 2008
4 Bessembinder, H., "Trade execution costs and market quality after decimalization" 38 : 747-777, 2003
5 Ahn, H.-J., "Tick size, spread and volume" 5 : 2-22, 1996
6 Angel, J., "Tick size, share price, and stock splits" 52 : 655-682, 1997
7 Chung, K. H., "Tick size, market microstructure, and trading costs" KAIST and SUNY at Buffalo 2007
8 Ahn, H.-J., "Tick size change and liquidity provision on the Tokyo Stock Exchange" University of Southern California 2002
9 Kee H. Chung, "Tick Size and Trading Costs on the Korea Stock Exchange" 한국증권학회 34 (34): 165-193, 2005
10 Bacidore, J., "The impact of decimalization on market quality: an empirical investigation of the Toronto Stock Exchange" 6 : 92-120, 1997
1 박종호, "한국주식시장에서 포트폴리오 수익률의 양의 1차 자기상관 : 비동시성 거래효과vs부분가격조정가설" 한국증권학회 34 (34): 33-77, 2005
2 Bourghelle, N., "Why markets should not necessarily reduce tick size?" 28 : 373-398, 2004
3 Duarte, J., "Why is PIN priced?" 2008
4 Bessembinder, H., "Trade execution costs and market quality after decimalization" 38 : 747-777, 2003
5 Ahn, H.-J., "Tick size, spread and volume" 5 : 2-22, 1996
6 Angel, J., "Tick size, share price, and stock splits" 52 : 655-682, 1997
7 Chung, K. H., "Tick size, market microstructure, and trading costs" KAIST and SUNY at Buffalo 2007
8 Ahn, H.-J., "Tick size change and liquidity provision on the Tokyo Stock Exchange" University of Southern California 2002
9 Kee H. Chung, "Tick Size and Trading Costs on the Korea Stock Exchange" 한국증권학회 34 (34): 165-193, 2005
10 Bacidore, J., "The impact of decimalization on market quality: an empirical investigation of the Toronto Stock Exchange" 6 : 92-120, 1997
11 He Y., "The effects of decimalization on return volatility components, serial correlation, and trading costs" 28 : 77-96, 2005
12 Ronen, T., "Teenies anyone?" 4 : 231-260, 2001
13 Jones, C., "Sixteenths: direct evidence on institutional execution costs" 59 : 253-278, 2001
14 Rogers, W., "Regression standard errors in clustered samples" 13 : 19-23, 1993
15 Eom, K. S., "Pre-trade transparency and market quality" 10 : 319-341, 2007
16 Bacidore, J., "Order submission strategies, liquidity supply and trading in pennies on the New York Stock Exchange" 6 : 337-362, 2003
17 Cordella, T., "Minimum price variations, time priority and quotes dynamics" 8 : 141-173, 1999
18 Harris, L. E., "Minimum price variations, discrete bid-ask spreads, and quotation sizes" 7 : 149-178, 1994
19 Biais, B., "Market microstructure: a survey of micro foundations, empirical results, and policy implications" 8 : 217-264, 2005
20 Easley, D., "Is information risk a determinant of asset returns?" 52 : 2185-2221, 2002
21 Cai, C. X., "Intra day bid-ask spreads, trading volume and volatility: recent empirical evidence from the London Stock Exchange" 31 : 647-676, 2004
22 Portniaguina, E., "Hybrid markets, tick size and investor welfare" 9 : 433-447, 2006
23 Petersen, M. A., "Estimating standard errors in finance panel data sets: comparing approaches" 22 : 435-480, 2009
24 Goldstein, M., "Eights, sixteenths and market depth: changes in tick size and liquidity provision on the NYSE" 56 : 125-149, 2000
25 Harris, L. E., "Does a large minimum price variation encourage order exposure?" University of Southern California 1996
26 박종호, "Does National Pension Service’s Trading Destabilize Korean Stock Market" 한국증권학회 37 (37): 501-536, 2008
27 Harris, L. E., "Decimalization: a review of the arguments and evidence" University of Southern California 1997
28 Chou, R. K., "Decimalization and market quality" National Central University 2002
29 Ahn, H.-J., "Decimalization and competition among stock markets: evidence from the Toronto Stock Exchange cross-listed securities" 1 : 51-87, 1998
30 Bollen, N. P. B., "Are teenies better?" 25 : 10-24, 1998
31 Foster, F., "A theory of the interday variations in volume, variance, and trading costs in securities markets" 3 : 593-624, 1990
32 Admati, A., "A theory of intra-day patterns: volume and price variability" 1 : 3-40, 1988
학술지 이력
| 연월일 | 이력구분 | 이력상세 | 등재구분 |
|---|---|---|---|
| 2026 | 평가 | 재인증평가 신청대상 (재인증) | |
| 2020-01-01 | 등재 | 등재학술지 유지 (재인증) | ![]() |
| 2017-01-01 | 등재 | 등재학술지 유지 (계속평가) | ![]() |
| 2013-01-01 | 등재 | 등재학술지 유지 (등재유지) | ![]() |
| 2010-01-01 | 등재 | 등재학술지 유지 (등재유지) | ![]() |
| 2009-02-09 | 학술지명변경 | 외국어명 : The Korean Journal of Finance -> Asian Review of Financial Research | ![]() |
| 2008-01-01 | 등재 | 등재학술지 유지 (등재유지) | ![]() |
| 2006-01-01 | 등재 | 등재학술지 유지 (등재유지) | ![]() |
| 2003-01-01 | 등재 | 등재학술지 선정 (등재후보2차) | ![]() |
| 2002-01-01 | 등재 | 등재후보 1차 PASS (등재후보1차) | ![]() |
| 1999-01-01 | 등재 | 등재후보학술지 선정 (신규평가) | ![]() |
학술지 인용정보
| 기준연도 | WOS-KCI 통합IF(2년) | KCIF(2년) | KCIF(3년) |
|---|---|---|---|
| 2016 | 1.13 | 1.13 | 1.07 |
| KCIF(4년) | KCIF(5년) | 중심성지수(3년) | 즉시성지수 |
| 1.18 | 1.2 | 2.57 | 0.13 |