search query: @journal_id 798 / total: 230
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| Author: | Edelen, R. Gervais, S. |
| Title: | The role of trading halts in monitoring a specialist market |
| Journal: | Review of Financial Studies
2003 : SPRING, VOL. 16:1, p. 263-300 |
| Index terms: | Market theory Agency theory Stock exchanges |
| Language: | eng |
| Abstract: | The authors argue that trading halts play an important role in that maximization by mitigating an agency cost inherent in the organizational structure. They use a sample of NYSE halts. As predicted, they find a significant increase in estimated information asymmetry immediately preceding trading halts. |
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