Citation Analysis – Do designated market makers provide liquidity \\ during downward extreme price movements?

Citation Analysis

Do designated market makers provide liquidity \\ during downward extreme price movements?
Mario Bellia, Kim Christensen, Aleksey Kolokolov, Loriana Pelizzon, Roberto Renò
https://arxiv.org/abs/2602.01817

Citation mentions

Cited references

Sections

8,669

Words (approx)

References by Citation Intensity

Ordered by composite index (descending). Higher values indicate more intensive citation.

#	Reference	Year	Mentions	Breadth	Sec. Wtd	Share	Composite	Main %
1	K. Christensen and R. C. A. Oomen and R. Ren\`o (self)	2022	11	4	18.5	0.162	0.969	91%
2	J. A. Brogaard and A. Carrion and T. Moyaert and R...	2018	15	4	21.0	0.221	0.902	73%
3	A. Kirilenko and A. S. Kyle and M. Samadi and T. T...	2017	7	3	5.5	0.103	0.659	29%
4	L. Yang and H. Zhu	2020	2	2	3.0	0.029	0.644	100%
5	M. K. Brunnermeier and L. H. Pedersen	2005	2	2	3.0	0.029	0.644	100%
6	V. van Kervel and A. J. Menkveld	2019	2	2	3.0	0.029	0.644	100%
7	NYSE--Euronext	2012	2	2	4.0	0.029	0.644	100%
8	S. S. Lee and P. A. Mykland	2008	2	2	1.5	0.029	0.511	50%
9	G. Cespa and X. Vives	2025	1	1	1.0	0.015	0.406	100%
10	R. A. Korajczyk and D. Murphy	2019	1	1	1.0	0.015	0.406	100%
11	Autorit\'e	2017	1	1	1.0	0.015	0.406	100%
12	J. Huang and J. Wang	2009	1	1	1.0	0.015	0.406	100%
13	A. P. Chaboud and B. Chiquoine and E. Hjalmarsson ...	2014	1	1	1.0	0.015	0.406	100%
14	T. Hendershott and C. M. Jones and A. J. Menkveld	2011	1	1	1.0	0.015	0.406	100%
15	C. M. Jones	2013	1	1	1.0	0.015	0.406	100%
16	A. D. Clark-Joseph and M. Ye and C. Zi	2017	1	1	1.0	0.015	0.406	100%
17	H. Bessembinder and J. Hao and K. Zheng	2020	1	1	1.0	0.015	0.406	100%
18	A. Anand and K. Venkataraman	2016	1	1	1.0	0.015	0.406	100%
19	M. A. Goldstein and K. A. Kavajecz	2004	1	1	1.0	0.015	0.406	100%
20	C. Gao and B. Mizrach	2016	1	1	1.0	0.015	0.406	100%
21	Euronext	2025	1	1	2.0	0.015	0.406	100%
22	J. A. Brogaard	2010	1	1	2.0	0.015	0.406	100%
23	E. Benos and S. Sagade	2012	1	1	2.0	0.015	0.406	100%
24	A. J. Menkveld	2014	1	1	2.0	0.015	0.406	100%
25	M. Bellia and L. Pelizzon and M. G. Subrahmanyam a... (self)	2025	1	1	2.0	0.015	0.406	100%
26	ESMA	2021	1	1	2.0	0.015	0.406	100%
27	NYSE--Euronext	2013	1	1	2.0	0.015	0.406	100%
28	U.S. Securities and Exchange Commission	2014	1	1	2.0	0.015	0.406	100%
29	J. Jacod and Y. Li and P. A. Mykland and M. Podols...	2009	1	1	2.0	0.015	0.406	100%
30	G. Cespa and T. Foucault	2014	1	1	2.0	0.015	0.406	100%
31	L. R. Glosten	1987	1	1	2.0	0.015	0.406	100%
32	M. J. Barclay and J. B. Warner	1993	1	1	2.0	0.015	0.406	100%
33	E. Budish and P. Cramton and J. Smith	2015	1	1	1.0	0.015	0.406	100%

Reference

Year

Mentions

Breadth

Sec. Wtd

Composite

Main %

K. Christensen and R. C. A. Oomen and R. Ren\`o (self)

2022

18.5

0.162

0.969

91%

J. A. Brogaard and A. Carrion and T. Moyaert and R...

2018

21.0

0.221

0.902

73%

A. Kirilenko and A. S. Kyle and M. Samadi and T. T...

2017

5.5

0.103

0.659

29%

L. Yang and H. Zhu

2020

3.0

0.029

0.644

100%

M. K. Brunnermeier and L. H. Pedersen

2005

3.0

0.029

0.644

100%

V. van Kervel and A. J. Menkveld

2019

3.0

0.029

0.644

100%

NYSE--Euronext

2012

4.0

0.029

0.644

100%

S. S. Lee and P. A. Mykland

2008

1.5

0.029

0.511

50%

G. Cespa and X. Vives

2025

1.0

0.015

0.406

100%

R. A. Korajczyk and D. Murphy

2019

1.0

0.015

0.406

100%

Autorit\'e

2017

1.0

0.015

0.406

100%

J. Huang and J. Wang

2009

1.0

0.015

0.406

100%

A. P. Chaboud and B. Chiquoine and E. Hjalmarsson ...

2014

1.0

0.015

0.406

100%

T. Hendershott and C. M. Jones and A. J. Menkveld

2011

1.0

0.015

0.406

100%

C. M. Jones

2013

1.0

0.015

0.406

100%

A. D. Clark-Joseph and M. Ye and C. Zi

2017

1.0

0.015

0.406

100%

H. Bessembinder and J. Hao and K. Zheng

2020

1.0

0.015

0.406

100%

A. Anand and K. Venkataraman

2016

1.0

0.015

0.406

100%

M. A. Goldstein and K. A. Kavajecz

2004

1.0

0.015

0.406

100%

C. Gao and B. Mizrach

2016

1.0

0.015

0.406

100%

Euronext

2025

2.0

0.015

0.406

100%

J. A. Brogaard

2010

2.0

0.015

0.406

100%

E. Benos and S. Sagade

2012

2.0

0.015

0.406

100%

A. J. Menkveld

2014

2.0

0.015

0.406

100%

M. Bellia and L. Pelizzon and M. G. Subrahmanyam a... (self)

2025

2.0

0.015

0.406

100%

ESMA

2021

2.0

0.015

0.406

100%

NYSE--Euronext

2013

2.0

0.015

0.406

100%

U.S. Securities and Exchange Commission

2014

2.0

0.015

0.406

100%

J. Jacod and Y. Li and P. A. Mykland and M. Podols...

2009

2.0

0.015

0.406

100%

G. Cespa and T. Foucault

2014

2.0

0.015

0.406

100%

L. R. Glosten

1987

2.0

0.015

0.406

100%

M. J. Barclay and J. B. Warner

1993

2.0

0.015

0.406

100%

E. Budish and P. Cramton and J. Smith

2015

1.0

0.015

0.406

100%

Measures: Mentions = total in-text citations; Breadth = distinct sections; Sec. Wtd = section-weighted count (body ×2, lit review/appendix ×0.5); Share = mentions / total citations in paper; Composite = geometric mean of normalised count, breadth, and main-text ratio; Main % = fraction of mentions in main text (excl. appendix). (self) = self-citation.