Harris, Jeffrey H. (contributor); … - 2008 - This draft: March 4, 2008
delisting studies difficult. In a
notable exception, Sanger and Peterson (1990) follow New York Stock Exchange
(NYSE) and … measures around the delisting event. We find that market
quality deteriorates significantly on the delisting date, with … is not an
unanticipated event. For instance, for hearings conducted during our sample period, the
average (median …