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2018 | OriginalPaper | Chapter

Econometric Modeling of Time Series Bid-Ask (Spread) for a Sample of Chilean Companies

Authors : Hanns de la Fuente-Mella, Ricardo Campos-Espinoza, Gonzalo Farías

Published in: Advances in Human Factors, Business Management and Leadership

Publisher: Springer International Publishing

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Abstract

The financial literature associated with capital markets, provide a significant relationship between bid-ask and the degree of disclosure given by companies to the capital market and the bid-ask measured by the spread, this has become accepted a measure of information asymmetries. This research is concerned with the behavior of the stock intraday spread and the factors that can affect it. To carry out the study an empirical analysis of a Chilean companies representing 38% of the total market capitalization of the IPSA is used. The results provide that only the factors, quantity supplied and the broker involved in it, are relevant in explaining the bid-ask (spread).

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Title: Econometric Modeling of Time Series Bid-Ask (Spread) for a Sample of Chilean Companies
Authors: Hanns de la Fuente-Mella
Ricardo Campos-Espinoza
Gonzalo Farías
Publisher: Springer International Publishing
Book: Advances in Human Factors, Business Management and Leadership
Print ISBN: 978-3-319-60371-1

Electronic ISBN: 978-3-319-60372-8

Copyright Year: 2018
DOI: https://doi.org/10.1007/978-3-319-60372-8_23

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