Market Microstructure and Information Asymmetry
A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Financial Markets".
Deadline for manuscript submissions: 30 June 2026 | Viewed by 4
Special Issue Editors
Interests: capital market microstructure; corporate finance; environmental finance; financial planning
Special Issue Information
Dear Colleagues,
This Special Issue explores the critically important theme of “Market Microstructure and Information Asymmetry”, offering a platform for innovative and rigorous research at the intersection of trading mechanisms, market design, and the dissemination of information. This Special Issue aims to advance our theoretical and empirical understanding of how informational frictions affect asset pricing, market liquidity, trading behavior, and financial stability.
Topics of interest include, but are not limited to, information asymmetry, Price Discovery, Bid–Ask Spreads, market transparency, adverse selection, High-Frequency Trading, Order Flow Analysis, and the role of informed versus uninformed traders. We also encourage submissions addressing policy implications, regulatory frameworks, and the influence of technological advancements such as algorithmic trading and decentralized markets.
We invite high-quality original manuscripts grounded in strong theoretical models or empirical analyses. Cross-disciplinary studies, international comparisons, and methodological innovations are especially welcome. This Special Issue is intended to serve both academic and practitioner audiences interested in understanding and improving market efficiency and fairness.
We aim to publish ten peer-reviewed papers and make the collection available in both digital and print formats, contributing to a broader and deeper discourse on how market microstructure shapes modern financial markets.
Dr. Priyantha Mudalige
Dr. Damien Wallace
Guest Editors
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.
Keywords
- dispersion of beliefs
- liquidity
- volatility
- order imbalance
- informed trading
- retail traders
- institutional investors
- sentiment
- investor behaviors
- intraday trading
- market manipulation
- bid-ask spread
- high-frequency trading (HFT)
- price discovery
- order flow
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