Plausibly Exogenous [946] - Platform Outages (09/01/2022)
LHS Variable
Market liquidity and return volatility
RHS Variable
Retail investors
Source of Exogenous Variation
Platform outages, both at Robinhood (which caters to inexperienced investors) and at traditional retail brokers
- Eaton, Green, Roseman, and Yu (2022), “Retail trader sophistication and stock market quality: Evidence from brokerage outages”