search query: @author Baker, H. K. / total: 9
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| Author: | Baker, H. K. Edelman, R. B. |
| Title: | OTC market switching and stock returns : some empirical evidence. |
| Journal: | Journal of Financial Research
1990 : WINTER, VOL. 13:4, p. 325-338 |
| Index terms: | OVER THE COUNTER MARKET RATE OF RETURN USA |
| Language: | eng |
| Abstract: | The authors study the effect on the common stock returns of 278 firms that switched OTC market segments between 1982 and 1987. The authors' hypothesis is that abnormally positive returns are associated with news of the move from the old to the new system and that market responds more favorably during the old system inclusion. Event studies confirm this hypothesis. Further, the evidence reveals no anomalous return behavior during the new system. |
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