The Daimler foray into the international equity market, beginning with its 1993 cross-listing in the U.S. and peaking with its 1998 merger with Chrysler, provides an uncommon opportunity to explore the interplay between competing approaches countries may take in their treatment of minority...

There have been a number of investigations of the individual characteristics of the limit order book (Lee, Mucklow, and Ready, 1993; Harris, 1994; Bruno, Hillion, and Spatt, 1995). Lee,Mucklow, and Ready report that wide spreads are accompanied by low depths and that spreads widen and depths fall in...

We investigate CEOs who combine insider selling with stock splits, which is suspicious because dumping stocks is inconsistent with the positive stock-split signal. Our empirical results indicate that, compared with other splits, these suspicious splits are followed by a 53 percent lower...

We analyse the price discovery process in DJIA stocks before and after the full implementation of Reg NMS in October 2007. The execution channels analysed are NYSE-ARCA, the traditional NYSE system, and NASDAQ. By comparing the changes in Hasbrouck's information share to changes in the...