The paper empirically investigates the effects of the Euronext stock exchange merger on listed firms, i.e. the merger of stock exchanges in Amsterdam, Brussels, Lisbon and Paris. Specifically, it examines how exchange consolidation has affected stock liquidity and how the effect varies with firm...

The paper deals with the effect of news announcements on the Icelandic stock market, i.e. the effect of news on return, volatility, turnover and number of transactions. The study shows that news announcements have an effect on the return of stocks and the market reacts rationally to news given...