Do brokers' recommendation changes generate brokerage? Evidence from a central limit order market
Rob Brown, Howard WH Chan, Robert W Faff, Yew Kee Ho
Accounting and Finance | WILEY | Published : 2019
We thank the Australian Centre for Financial Studies for their generous financial support. We are grateful to East Coles, IRESS and SIRCA for assistance with data. The first, second and third authors are grateful to, respectively, the University of Manchester, Monash University and the University of Amsterdam for support during sabbatical leaves. We are grateful to William Tang for expert computing assistance and to Jennifer Juergens for helpful discussions. We also thank staff at Acorn Capital for feedback.