1.CMVM-Portuguese Securities Commission, 1050-138, Lisbon, Portugal ;2.CEFAGE-UE, Universidade de Évora, 7000-803, Évora, Portugal ;3.CICEE - Research Center in Business and Economics, Lisbon, Portugal ;
Abstract:
Portuguese Economic Journal - We study a quasi-natural experiment that altered the structure of commission fee schedules applied to retail investors in the Portuguese stock market in 2003. Using a...