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Author:Levine, R.
Schmukler, S.L.
Title:Internalization and stock market liquidity
Journal:Review of finance
2006 : VOL. 10:1, p. 153-187
Index terms:finance
international capital movements
liquidity
stock markets
Language:eng
Abstract:This paper examines the effect of companies raising capital and trading in international markets on the liquidity of the remaining companies in domestic markets. The authors find evidence of trading migration and that the migration is negatively related to the liquidity of the remaining companies in the domestic markets.
SCIMA record nr: 262512
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