@article {1969216,
	title = {The Interaction between Opening Call Auctions and Ongoing Trade: Evidence from the NYSE},
	journal = {Review of Financial Economics},
	volume = {13},
	year = {2004},
	month = {2004},
	pages = {341-356},
	abstract = {We investigate the impact that the opening batch has on trading for the remainder of the day and what impact the prior day{\textquoteright}s trading has on the subsequent day{\textquoteright}s open. Traders have an interest in these trading impacts as their trades may cluster around opening and closing time periods. We find that the larger the volume in the opening batches, the greater the volume across the day. We also find the prior day{\textquoteright}s volume being positively related to the subsequent day{\textquoteright}s opening volume. Combined, these results suggest a continuing pattern of trade volume rolling from one day to the next. Additionally, we find that the spread in the continuous market can be partially attributed to the price change in the opening batch. We also find evidence of opening trade price reversals. Combined with the absence of price reversals following the opening trade, we conclude that the opening process may be more efficient at handling information than the continuous market.},
	keywords = {Finance},
	author = {Brooks,Raymond and Moulton,Jonathan}
}
@article {1969226,
	title = {Information Conveyed by Seasoned Security Offerings: Evidence from Components of the Bid-Ask Spread},
	journal = {Review of Financial Economics},
	volume = {9},
	year = {2000},
	month = {2000},
	pages = {83-99},
	abstract = {We examine the relationship between the degree of informational asymmetry surrounding a firm and the equity market{\textquoteright}s reaction to a firm{\textquoteright}s announcement to sell seasoned securities. We use the adverse-selection component of the bid{\textquotedblright}ask spread as a proxy for the informational asymmetry of a firm. For equity offers, we find that the greater the change in information asymmetry at announcement, the greater the decline in wealth. In addition, the largest decline in wealth for seasoned equity announcements is observed for firms with the largest level of pre-event adverse-selection components. For debt offers, the wealth decline is only significant for firms with the largest pre-event levels of asymmetric information.},
	keywords = {Finance},
	author = {Brooks,Raymond and Patel,Ajay}
}
@article {1976581,
	title = {The Interaction between Opening Call Auctions and Ongoing Trade: Evidence from the NYSE and AMEX},
	year = {2000},
	month = {2000},
	address = {Myrtle Beach},
	keywords = {Finance},
	author = {Brooks,Raymond and Moulton,Jonathan}
}
@article {1976591,
	title = {The Interaction between Opening Call Auctions and Ongoing Trade: Evidence from the NYSE and AMEX},
	year = {1999},
	month = {1999},
	address = {Orlando, FL},
	keywords = {Finance},
	author = {Brooks,Raymond and Moulton,Jonathan}
}
@article {1969256,
	title = {The Individual Investor and the Weekend Effect: A Reexamination with Intraday Data},
	journal = {Quarterly Review of Economics and Finance},
	volume = {37},
	year = {1997},
	month = {1997},
	pages = {725-737},
	keywords = {Finance},
	author = {Brooks,Raymond and Kim,Hongshik}
}
