Estimating Probability of Private Information Based Trade Using Microstructure Model
Probability of Private information Based Trade (PIN) has introduced as information risk measure. This paper is going to estimate probability of private information based trade (PIN) in Tehran Stock Exchange using microstructure models. Our results show that PIN is significantly different from zero f...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2013-08-01
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| Series: | تحقیقات مالی |
| Subjects: | |
| Online Access: | https://jfr.ut.ac.ir/article_35430_1e3a2e131ce6b40295e80a8dcfd82d14.pdf |