Tang, Wenbin; Nguyen, Hoang; Nguyen, Van - In: Journal of Economics and Finance 37 (2013) 4, pp. 584-605
This study analyzes the effects of listing changes within NASDAQ market segments during the period of 1998 to 2005. We find that firms phased up from the NASDAQ Small Capital Market (SmallCap) to the NASDAQ National Market (NNM) experienced significant declines in bid-ask spreads, the volatility...
