The Value of Intermediation in the Stock Market
收藏NBER2019-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26147
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资源简介：
We estimate a structural model of broker choice to quantitatively decompose the value that institutional investors attach to broker services. Studying over 300 million institutional equity trades, we find that investors are sensitive to both explicit and implicit trading costs and are willing to pay
提供机构：
美国国家经济研究局
创建时间：
2019-08-01
