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Effects of Price Limits and Trading Halts on Volatility in Nepalese Stock Market

G. C., Surya Bahadur - 2013

The paper examines empirically the impact of price limits and trading halts on stock market volatility. Circuit breakers are regulatory instruments aiming to reduce severe price volatility and provide markets with a cooling off period. However, the effectiveness of circuit breakers on the...

Persistent link: https://www.econbiz.de/10013091580

The Effect of Risk Sharing on Asset Prices : Natural Experiment from the Chinese Stock Market Liberalization

Chan, Marc K. - 2015

In a recent stock market reform, over half of the stocks listed in the Shanghai Stock Exchange became purchasable by foreign investors. Theory predicts that the price revaluation of an investible stock should be positively associated with the reduction in systematic risk. Using the policy as a...

Persistent link: https://www.econbiz.de/10013014278

Asia's Stock Markets : Are There Crouching Tigers and Hidden Dragons?

Ong, Li - 2014

Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of size and cross-border investment activity, the region's markets are reputed to be more “idiosyncratic” and less reliant on economic and corporate fundamentals in their...

Persistent link: https://www.econbiz.de/10013056805

Taper tantrum and emerging equity market slumps

Estrada, Gemma B.; Park, Donghyun; Ramayandi, Arief - 2015

In the postglobal financial crisis period, the central banks of the advanced economies pursued unconventional monetary policies, such as the United States (US) Federal Reserve's quantitative easing (QE). Those policies and their unwinding may significantly affect cross-border capital flows and...

Persistent link: https://www.econbiz.de/10011346243

Equity Market Liberalization and Firm Growth

O’Connor, Thomas - 2012

Using a sample of 686 investable firms from 26 emerging market countries, I show that equity market liberalizations do not result in an increase in externally-financed growth rates for participating firms. In fact, I find mostly to the contrary, and at best, I find that investability is...

Persistent link: https://www.econbiz.de/10013098449

Financial Globalization and Stock Market Risk

Esqueda, Omar A. - 2012

This paper examines stock market volatility measured by either “beta-volatility” or by the standard deviation of stock returns over 1995-2007. In our dynamic panel data framework, after controlling for size, turnover, and real output growth, we find some support to increases in financial...

Persistent link: https://www.econbiz.de/10013104028

Stock Market Liberalizations and Export Dynamics

Jaud, Melise - 2019

We find that granting foreign investors access to domestic stock markets facilitate efficiency-enhancing product specialization in the recipient countries. After countries liberalize their stock markets and allow foreign investors to acquire equity stakes in domestic firms, products that do not...

Persistent link: https://www.econbiz.de/10012899140

Stock Market Liberalizations and Export Dynamics

Jaud, Melise - 2019

Persistent link: https://www.econbiz.de/10012899228

The Sequencing of Stock Market Liberalization Events and Corporate Financing Decisions

Flavin, Thomas - 2010

We examine if the sequence of stock market liberalization events matters for corporate financing choices. We contrast firms who attain ‘investable' status through domestic reforms with those who do so by issuing American Depository Receipt programs. We find that the first liberalization event...

Persistent link: https://www.econbiz.de/10013149116

Globalization and Stock Market Stability

Sabri, Nidal Rashid - 2007

The world stock markets are moving so rapidly towards globalization, and integration of local financial markets to … incorporated by the world related organizations and commissions also were considered in the study. The study found that the … majority of the world stock markets adopted various aspects of globalization environment; which created new challenges …

Persistent link: https://www.econbiz.de/10014058564