haku: @author Shivakumar, L. / yhteensä: 6
viite: 3 / 6
| Tekijä: | Masulis, R.W. Shivakumar, L. |
| Otsikko: | Does market structure affect the immediacy of stock price responses to news? |
| Lehti: | Journal of Financial and Quantitative Analysis
2002 : DEC, VOL. 37:4, p. 617-648 |
| Asiasana: | Information Market structure Pricing Share prices |
| Kieli: | eng |
| Tiivistelmä: | This study compares the speed of price adjustments to seasoned equity offering announcements by NYSE/AMEX and Nasdaq stocks. The authors find that price adjustments are quiker by as much as one hour on Nasdaq. This result is not due to difference in issuer characteristics or announcement effects across the markets, but due to differences in market structures. |
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