Sapp, Travis R. A.; Xuemin (Sterling) Yan - In: Journal of Financial Research 26 (2003) 2, pp. 225-242
After the Nasdaq and American Stock Exchange (AMEX) merged in 1998, officials of the new entity argued that some "smaller, harder to trade" companies on Nasdaq should switch to AMEX to improve liquidity. This recommendation is based on the traditional view among academics and practitioners alike...