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Strategies on Initial Public Offering of Company Equity at Stock Exchanges in Imperfect Highly Volatile Global Capital Markets with Induced Nonlinearities
Ledenyov, Dimitri - 2015
-building. We focus on the IPO initial underpricing, long-run performance and after market liquidity problems. 1. We propose that …
Persistent link: https://www.econbiz.de/10013026463
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Finding the British Google : Relaxing the Prohibition of Dual-Class Stock from the Premium-Tier of the London Stock Exchange
Reddy, Bobby - 2020
There is a dearth of British tech-companies listing on the London Stock Exchange (LSE), and the LSE lacks a large, innovative tech-company such as Google. The UK-Government, concerned as to the loss of UK tech-companies to foreign acquirors, views the encouragement of UK tech-firm listings as a...
Persistent link: https://www.econbiz.de/10012846500
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Single stock circuit breakers on the London Stock Exchange : do they improve subsequent market quality?
Brugler, James; Linton, Oliver - 2014
This paper uses proprietary data to evaluate the efficacy of single-stock circuit breakers on the London Stock Exchange during July and August 2011. We exploit exogenous variation in the length of the uncrossing periods that follow a trading suspension to estimate the effect of auction length on...
Persistent link: https://www.econbiz.de/10010245302
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Dividend policy and performance of listed firms on Ghana stock exchange
Bossman, Ahmed; Agyei, Samuel Kwaku; Asiamah, Oliver; … - In: Cogent economics & finance 10 (2022) 1, pp. 1-28
We examined the dividend policy and financial performance nexus among listed firms in Ghana, having controlled for firm age, size, capital structure, governance, and financial sector clean-up. We employed the system dynamic general method of moments (GMM) estimation technique with data from 2015...
Persistent link: https://www.econbiz.de/10014500221
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Financial Distress Prediction on Public Listed Banks in Indonesian Stock Exchange
Pasaribu, Rowland Bismark - 2017
A financial distress of company should be able anticipated smartly by its management to rerun the business without having any loss due to business failure. Thus, we need a model which could provide an early signal to company the probability of financial distress so that remedial efforts can be...
Persistent link: https://www.econbiz.de/10012942862
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The Impact of Market Fragmentation on the Liquidity of European Stock Exchanges
Fioravanti, Simone Francesco - 2013
Exchanges and shows that competition among exchange platforms does not have a negative effect on the level of liquidity of …
Persistent link: https://www.econbiz.de/10013089059
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Day Traders, Noise, and Cost of Immediacy
Dalvi, Manoj; Deuskar, Prachi; Glosten, Lawrence R.; … - National Bureau of Economic Research - 2023
market liquidity and trading of other market participants. IDT contribute 10% to volume while losing 3.2 bp (73% of the half …-spread) on average on trades with others, including proprietary day traders (PDT), the primary intraday-liquidity providers, and …
Persistent link: https://www.econbiz.de/10014250145
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Day Traders, Noise, and Cost of Immediacy
Dalvi, Manoj; Deuskar, Prachi; Glosten, Lawrence R.; … - 2023
others, including proprietary day traders (PDT), the primary intraday-liquidity providers, and longer-term traders …
Persistent link: https://www.econbiz.de/10014355549
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Daily Herding and Commonality in Liquidity on a Pure Limit Order Book Market
Edgar, Matthew - 2011
important aspect of the market microstructure – liquidity. Potentially, herding could simultaneously affect the liquidity of … 'commonality in liquidity' – a term which expresses the idea that the liquidity of individual stocks may have common determinants …. We find strong evidence of commonality in liquidity in what is the first study of this phenomenon since the ASX adopted …
Persistent link: https://www.econbiz.de/10013121143
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Investor types, liquidity and price formation : evidence from the Stock Exchange of Thailand
Alderighi, Stefano; Gurrola-Perez, Pedro - 2021
- retail investors, domestic and foreign institutions - influence priceformation for different liquidity levels. We find that … trading participants contribute heterogeneously toprice formation, and that liquidity affects the size, but not the relative … both high and low-liquidity stocks. In particular, retail investors’ trade imbalances are associated with the highest five …
Persistent link: https://www.econbiz.de/10013314557