Details about Thomas H. McInish

Access statistics for papers by Thomas H. McInish.

Last updated 2020-10-26. Update your information in the RePEc Author Service.

Short-id: pmc98

Working Papers

2021

1. Unconventional monetary policy and the behavior of shorts
   Working Papers, Federal Reserve Bank of St. Louis

2020

2. Supply and demand shifts of shorts before Fed announcements during QE1–QE3
   Working Papers, Federal Reserve Bank of St. Louis

Journal Articles

2019

1. Insights from bitcoin trading
   Financial Management, 2019, 48, (4), 1031-1048 View citations (14)
2. Intraday price behavior of cryptocurrencies
   Finance Research Letters, 2019, 28, (C), 337-342 View citations (23)
3. Price Clustering of Chinese IPOs: The Impact of Regulation, Cultural Factors, and Negotiation
   Applied Economics, 2019, 51, (36), 3995-4007 View citations (1)

2018

4. Exploring the manipulation toolkit: the failure of Doral Financial Corporation
   Applied Economics, 2018, 50, (2), 157-171 View citations (1)

2017

5. Price clustering on the Shanghai Stock Exchange
   Applied Economics, 2017, 49, (28), 2766-2778 View citations (6)
6. Reprint of Director discretion and insider trading profitability
   Pacific-Basin Finance Journal, 2017, 45, (C), 52-67 View citations (1)

2016

7. Director discretion and insider trading profitability
   Pacific-Basin Finance Journal, 2016, 39, (C), 28-43 View citations (5)
8. Does high-frequency trading increase systemic risk?
   Journal of Financial Markets, 2016, 31, (C), 1-24 View citations (24)

2015

9. Price movement and trade size on the National Stock Exchange of India
   Applied Economics, 2015, 47, (45), 4847-4854 View citations (3)
10. Trading rules, competition for order flow and market fragmentation
    Journal of Financial Economics, 2015, 115, (2), 330-348 View citations (59)

2014

11. Naked Short Selling and the Market Impact of Fails-to-Deliver: Evidence from the Trading of Real Estate Investment Trusts
    The Journal of Real Estate Finance and Economics, 2014, 49, (4), 454-476 View citations (2)
12. The Flash Crash: Trading Aggressiveness, Liquidity Supply, and the Impact of Intermarket Sweep Orders
    The Financial Review, 2014, 49, (3), 481-509 View citations (13)

2013

13. The Quote Exception Rule: Giving High Frequency Traders an Unintended Advantage
    Financial Management, 2013, 42, (3), 481-501 View citations (5)
14. Worldwide reach of short selling regulations
    Journal of Financial Economics, 2013, 109, (1), 177-197 View citations (40)

2012

15. Information Content of Earnings Announcements: Evidence from After-Hours Trading
    Journal of Financial and Quantitative Analysis, 2012, 47, (6), 1303-1330 View citations (31)
16. Short Selling: The Impact of SEC Rule 201 of 2010
    The Financial Review, 2012, 47, (1), 37-64 View citations (9)

2011

17. Stealth trading: The case of the Tokyo Stock Exchange
    Pacific-Basin Finance Journal, 2011, 19, (2), 194-207 View citations (13)

2010

18. An examination of minimum tick sizes on the Tokyo Stock Exchange
    Japan and the World Economy, 2010, 22, (1), 40-48 View citations (7)

2009

19. The information content of trading halts
    Journal of Financial Markets, 2009, 12, (4), 703-726 View citations (13)
20. What order flow reveals about the role of the underwriter in IPO aftermarkets
    International Journal of Managerial Finance, 2009, 5, (1), 16-49 View citations (2)

2008

21. Behavioral explanations of trading volume and short-horizon price patterns: An investigation of seven Asia-Pacific markets
    Pacific-Basin Finance Journal, 2008, 16, (3), 183-203 View citations (8)
22. Financial analysts and price discovery
    Accounting and Finance, 2008, 48, (1), 1-24 View citations (2)
23. Short-horizon contrarian and momentum strategies in Asian markets: An integrated analysis
    International Review of Financial Analysis, 2008, 17, (2), 312-329 View citations (18)

2007

24. Liquidity supply in electronic markets
    Journal of Financial Markets, 2007, 10, (2), 144-168 View citations (25)
25. Opening and closing behavior following the introduction of call auctions in Singapore
    Pacific-Basin Finance Journal, 2007, 15, (1), 18-35 View citations (26)
26. Price Clustering on the Tokyo Stock Exchange
    The Financial Review, 2007, 42, (2), 289-301 View citations (23)

2005

27. Asymmetric Information in the IPO Aftermarket
    The Financial Review, 2005, 40, (2), 131-153 View citations (11)
28. Information-based trading, price impact of trades, and trade autocorrelation
    Journal of Banking & Finance, 2005, 29, (7), 1645-1669 View citations (32)

2004

29. Price Discovery in the Pits: The Role of Market Makers on the CBOT and the Sydney Futures Exchange
    Journal of Futures Markets, 2004, 24, (8), 785-804 View citations (5)

2003

30. Bid-Ask Spreads, Information Asymmetry, and Abnormal Investor Sentiment: Evidence from Closed-End Funds
    Review of Quantitative Finance and Accounting, 2003, 21, (4), 303-21 View citations (6)
31. IMF bailouts, contagion effects, and bank security returns
    International Review of Financial Analysis, 2003, 12, (1), 3-23 View citations (16)
32. Ownership of Cross–Listed Equities: An Investigation of Turnover, Diversification, and Risk
    The Financial Review, 2003, 38, (1), 151-160 View citations (3)
33. Trading volume and location of trade: Evidence from Jardine group listings in Hong Kong and Singapore
    Journal of Banking & Finance, 2003, 27, (8), 1411-1425 View citations (3)

2002

34. After-hours trading of NYSE stocks on the regional stock exchanges
    Review of Financial Economics, 2002, 11, (4), 287-297 View citations (5)
    Also in Review of Financial Economics, 2002, 11, (4), 287-297 (2002) View citations (1)
35. An Intraday Examination of the Components of the Bid–Ask Spread
    The Financial Review, 2002, 37, (4), 507-524 View citations (6)
36. Common factor components versus information shares: a reply
    Journal of Financial Markets, 2002, 5, (3), 341-348 View citations (26)
37. Cross‐Listings and Home Market Trading Volume: The Case of Malaysia and Singapore
    Journal of Financial Research, 2002, 25, (4), 477-484 View citations (5)
38. Merger Announcements and Trading
    Journal of Financial Research, 2002, 25, (2), 263-278 View citations (8)
39. Security price adjustment across exchanges: an investigation of common factor components for Dow stocks
    Journal of Financial Markets, 2002, 5, (3), 277-308 View citations (140)
40. Stock returns and beta, firms size, E/P, CF/P, book-to-market, and sales growth: evidence from Singapore and Malaysia
    Journal of Multinational Financial Management, 2002, 12, (3), 207-222 View citations (17)

2001

41. Market changes and spread components, implications for international markets
    Journal of International Financial Markets, Institutions and Money, 2001, 11, (1), 65-73

2000

42. A Regime-Level Empirical Model of the Specialist Quote Revision Process
    Review of Quantitative Finance and Accounting, 2000, 14, (4), 399-417 View citations (2)
43. Competition from the limit order book and NYSE spreads
    Journal of International Financial Markets, Institutions and Money, 2000, 10, (1), 31-42 View citations (1)

1999

44. An investigation of price discovery in informationally-linked markets: equity trading in Malaysia and Singapore
    Journal of Multinational Financial Management, 1999, 9, (3-4), 317-329 View citations (32)

1998

45. A Transactions Data Analysis of Intraday Betas
    The Financial Review, 1998, 33, (2), 213-25
46. THE EFFECT OF THE SEC'S ORDER-HANDLING RULES ON NASDAQ
    Journal of Financial Research, 1998, 21, (3), 247-254
47. The liquidity of automated exchanges: new evidence from German Bund futures
    Journal of International Financial Markets, Institutions and Money, 1998, 8, (3-4), 225-241 View citations (25)

1997

48. Automated trade execution and trading activity: The case of the Vancouver stock exchange
    Journal of International Financial Markets, Institutions and Money, 1997, 7, (1), 61-72 View citations (7)
49. Liquidity and foreign ownership restrictions
    Economics Letters, 1997, 56, (1), 85-88
50. New equity offerings in Japan: an examination of theory and practice
    Journal of International Financial Markets, Institutions and Money, 1997, 7, (3), 185-200 View citations (1)

1996

51. TRADING OF NASDAQ STOCKS ON THE CHICAGO STOCK EXCHANGE
    Journal of Financial Research, 1996, 19, (4), 579-584

1995

52. Bids and asks in disequilibrium market microstructure: The case of IBM
    Journal of Banking & Finance, 1995, 19, (2), 323-345 View citations (7)
53. Block versus Nonblock Trading Patterns
    Review of Quantitative Finance and Accounting, 1995, 5, (4), 355-63 View citations (3)
54. Cointegration, Error Correction, and Price Discovery on Informationally Linked Security Markets
    Journal of Financial and Quantitative Analysis, 1995, 30, (4), 563-579 View citations (162)
55. Production of information, information asymmetry, and the bid-ask spread: Empirical evidence from analysts' forecasts
    Journal of Banking & Finance, 1995, 19, (6), 1025-1046 View citations (38)
56. Reducing tick size on the Stock Exchange of Singapore
    Pacific-Basin Finance Journal, 1995, 3, (4), 485-496 View citations (24)

1993

57. Comovements of international equity returns: A comparison of the pre- and post-October 19, 1987, periods
    Global Finance Journal, 1993, 4, (1), 1-19 View citations (20)
58. Do More Risk-Averse Investors Have Lower Net Worth and Income?
    The Financial Review, 1993, 28, (1), 91-106 View citations (6)

1992

59. An Analysis of Intraday Patterns in Bid/Ask Spreads for NYSE Stocks
    Journal of Finance, 1992, 47, (2), 753-64 View citations (288)
60. An exploratory study of portfolio objectives and asset holdings
    Journal of Economic Behavior & Organization, 1992, 19, (3), 285-306 View citations (7)

1991

61. Explaining investor behavior using an adjective check list
    Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 1991, 20, (3), 263-275
62. HOURLY RETURNS, VOLUME, TRADE SIZE, AND NUMBER OF TRADES
    Journal of Financial Research, 1991, 14, (4), 303-315 View citations (17)
63. The Determination of Court-Awarded Legal Fees
    Journal of Forensic Economics, 1991, 5, (1), 87-87

1990

64. A transactions data analysis of the variability of common stock returns during 1980-1984
    Journal of Banking & Finance, 1990, 14, (1), 99-112 View citations (25)
65. An analysis of transactions data for the Toronto Stock Exchange: Return patterns and end-of-the-day effect
    Journal of Banking & Finance, 1990, 14, (2-3), 441-458 View citations (32)
66. Tests of stability for variances and means of overnight/intraday returns during bull and bear markets
    Journal of Banking & Finance, 1990, 14, (6), 1243-1253 View citations (7)

1989

67. A note on the distribution types of financial ratios in the commercial banking industry
    Journal of Banking & Finance, 1989, 13, (3), 463-471 View citations (3)

1986

68. Adjusting for Beta Bias: An Assessment of Alternative Techniques: A Note
    Journal of Finance, 1986, 41, (1), 277-86 View citations (17)

1985

69. A NEW APPROACH TO CONTROLLING FOR THIN TRADING
    Journal of Financial Research, 1985, 8, (1), 69-76 View citations (2)
70. An Investigation of Transactions Data for NYSE Stocks
    Journal of Finance, 1985, 40, (3), 723-39 View citations (272)
71. Bias from Nonsynchronous Trading in Tests of the Levhari-Levy Hypothesis
    The Review of Economics and Statistics, 1985, 67, (2), 346-51 View citations (1)
72. Cyclical variability of bond risk premia: A note
    Journal of Banking & Finance, 1985, 9, (1), 157-165 View citations (1)
73. INTRADAY AND OVERNIGHT RETURNS AND DAY-OF-THE-WEEK EFFECTS
    Journal of Financial Research, 1985, 8, (2), 119-126 View citations (3)

1984

74. Analysis of the Characteristics of Individual Investors in Real Estate Securities and Income‐Producing Property
    Real Estate Economics, 1984, 12, (4), 521-541
75. Ex-Ante Expectations and Portfolio Selection
    The Financial Review, 1984, 19, (1), 84-96
76. Intertemporal Differences in Movements of Minute-to-Minute Stock Returns
    The Financial Review, 1984, 19, (4), 359-71 View citations (1)
77. The nature of individual investors' heterogeneous expectations
    Journal of Economic Psychology, 1984, 5, (3), 251-263 View citations (5)

1982

78. Individual investors and risk-taking
    Journal of Economic Psychology, 1982, 2, (2), 125-136 View citations (32)
79. The determinants of investment in collectibles: A probit analysis
    Journal of Behavioral Economics, 1982, 11, (2), 123-134 View citations (4)

1981

80. A New Approach to Capital Budgeting in Closely-Held Firms and Small Firms
    Entrepreneurship Theory and Practice, 1981, 5, (4), 30-35
81. THE EFFECT OF DIFFERENCING INTERVAL LENGTH ON BETA
    Journal of Financial Research, 1981, 4, (2), 129-135 View citations (4)

1980

82. Behavior of municipal bond default-risk premiums by maturity
    Journal of Business Research, 1980, 8, (4), 413-418 View citations (3)
83. THE DETERMINANTS OF MUNICIPAL BOND RISK PREMIUMS BY MATURITY
    Journal of Financial Research, 1980, 3, (2), 129-138

Chapters

2005

1. Listing Switches from NASDAQ to the NYSE or AMEX: Is New Stock Issuance a Motive?
   Chapter 10 in Advances In Quantitative Analysis Of Finance And Accounting New Series, 2005, pp 171-186
   Also in Chapter 10 in Advances In Quantitative Analysis Of Finance And Accounting New Series, 2004, pp 171-186 (2004)

1996

2. Competition, Fragmentation, and Market Quality
   A chapter in The Industrial Organization and Regulation of the Securities Industry, 1996, pp 63-92 View citations (5)