haku: @indexterm MARKET THEORY / yhteensä: 68
viite: 12 / 68
| Tekijä: | Edelen, R. Gervais, S. |
| Otsikko: | The role of trading halts in monitoring a specialist market |
| Lehti: | Review of Financial Studies
2003 : SPRING, VOL. 16:1, p. 263-300 |
| Asiasana: | Market theory Agency theory Stock exchanges |
| Kieli: | eng |
| Tiivistelmä: | 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. |
SCIMA