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William Reints, P. Vandenberg (2009)
OF FINANCIAL AND QUANTITATIVE ANALYSIS DECEMBER 1975 THE IMPACT OF CHANGES IN TRADING LOCATION ON A SECURITY ' S SYSTEMATIC RISK
Reints Reints, Vandenberg Vandenberg (1975)
“The Impact of Changes in Trading Location on a Security's Systematic Risk.”Journal of Financial and Quantitative Analysis, 10
H. Baker, James Spitzfaden (1982)
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T. Ho, H. Stoll (1983)
The Dynamics of Dealer Markets Under CompetitionJournal of Finance, 38
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F. Fabozzi (1981)
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G. Wong (1984)
The effect of stock exchange listing on trading volume, market liquidity, and stock price volatility
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Demsetz Demsetz (1968)
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L. Ying, Wilbur Lewellen, Gary Schlarbaum, Ronald Lease (1977)
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Two measures are used to estimate the liquidity of stocks that switch their places of trading (from OTC to NYSE, from OTC to AMEX, and from AMEX to NYSE). Using an event‐type methodology, results are obtained that indicate a decline in liquidity for stocks leaving the OTC market. Stocks switching from the AMEX to the NYSE experience an initial increase in liquidity, followed by a decline almost to previous levels.
The Journal of Financial Research – Wiley
Published: Dec 1, 1984
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