| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5085325 | International Review of Financial Analysis | 2010 | 7 Pages |
Abstract
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Hsiou-Ying Tseng,