haku: @author Chan, K. / yhteensä: 12
viite: 5 / 12
| Tekijä: | Chan, K. Chockalingam, M. Lai, K. |
| Otsikko: | Overnight information and intraday trading behavior: evidence from NYSE cross-listed stocks and their local market information |
| Lehti: | Journal of Multinational Financial Management
2000 : SEP-DEC, VOL. 10:3/4, p. 495-509 |
| Asiasana: | FINANCIAL MANAGEMENT VOLATILITY STOCKS |
| Kieli: | eng |
| Tiivistelmä: | In this paper, the authors study how overnight price movements in local markets affect the trading activity of foreign stocks on the NYSE. The authors find that local price movements affect not only the opening returns of foreign stocks, but also their returns in the first 30-min interval. The magnitude of local price movements is positively related to price volatility of foreign stocks. This relation is stronger at the NYSE open and weaker afterward. |
SCIMA