کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5085325 | 1477941 | 2010 | 7 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
How does the removal of the United States short-sale rules impact three Latin American markets?
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This study examines the intermarket effects from the removal of the United States short-sale price test on three Latin American market stocks which are cross-listed in the US market: Argentina, Brazil and Mexico. The empirical findings show that after the removal, price qualities of the Brazilian sample stocks deteriorate, implying order flow migrations from the Brazilian market to the US market, while the removal effects on the other two markets are not so significant. This paper pioneers the current work regarding the interactions of markets with respect to market integration, short-sale constraint removal and foreign listings.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Financial Analysis - Volume 19, Issue 2, March 2010, Pages 127-133
Journal: International Review of Financial Analysis - Volume 19, Issue 2, March 2010, Pages 127-133
نویسندگان
Hsiou-Ying Tseng,