research product . 2009

Exploring Determinant Factors of Bond Trading with Inventory Management Theory (Case Study of Indonesian Capital Market, January – March 2009)

Imam Wahyudi; Abdu Robbi;
Open Access English
  • Published: 28 Aug 2009
This  paper  studies  trading  volume  of  206  recorded  and  publicly  traded  bonds  in  Indonesian Capital Market on January 4th - March 9th 2009 observed period. The data covers almost all trading data in the market and all brokers that exist. The microstructure data used in this study is a complete understanding for almost every phenomenons in the market, and thus could explain more about bond liquidity. We ind that some bonds are actively traded and most are rare. We also construct some determinant facto tests of bond trading volume, included  descriptive &...
free text keywords: C41 - Duration Analysis ; Optimal Timing Strategies, D82 - Asymmetric and Private Information ; Mechanism Design, G12 - Asset Pricing ; Trading Volume ; Bond Interest Rates, G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional Investors, G32 - Financing Policy ; Financial Risk and Risk Management ; Capital and Ownership Structure ; Value of Firms ; Goodwill, Indonesia, Capital Market
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