Ontology highlight
ABSTRACT:
SUBMITTER: Aktas OU
PROVIDER: S-EPMC7260601 | biostudies-literature | 2020 May
REPOSITORIES: biostudies-literature
Finance research letters 20200530
The intraday volatility effects of price-limit hits for stocks in the BIST-50 index during a volatile period are examined. Our evidence supports the volatility no-effect, dampening and spillover hypotheses depending on whether the lower or upper price limit is hit and on when the hit begins and ends. Post-hit volatilities tend to be lower for limit hits near the beginning of the first trading session, unchanged for those that transcend a trading session and for upper price-limit hits near the en ...[more]