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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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Stock liquidity and default risk around the world
Nadarajah, Sivathaasan - 2020
We document the negative effect of stock liquidity on default risk for a sample of 46 countries. We further find that … shock that increases liquidity. The effect of liquidity on default risk is more pronounced in countries with poorer investor … impact of stock liquidity on default risk in international markets …
Persistent link: https://www.econbiz.de/10012854783
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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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Investor Protection and the Value Impact of Stock Liquidity
Huang, Tao - 2018
This paper investigates the effect of investor protection on the value impact of stock liquidity. Using a sample of … the value impact of stock liquidity. This association is robust to various endogeneity tests including a difference … increases the value impact of liquidity by reducing managerial entrenchment, encouraging informed trading, and enhancing pay …
Persistent link: https://www.econbiz.de/10012935708