Essays about: "Abnormal Liquidity"

Showing result 21 - 25 of 28 essays containing the words Abnormal Liquidity.

  1. 21. Parliamentary Elections' Impact on Stock Market Returns

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Sofia Lehander; Frida Lönnqvist; [2011]
    Keywords : Event Study; Abnormal Returns; Investor Risk Aversion; European Stock Indices; Small-cap;

    Abstract : We perform an event study where we investigate 47 parliamentary elections' impact on short-term stock market returns from 1999 to 2011 in 16 developed countries in Europe. We focus on small-cap indices and the results suggest that parliamentary elections have significant negative impact on small-cap stock market returns. READ MORE

  3. 22. Underpricing of Brazilian Initial Public Offerings : An empirical analysis of the first-day trading performance of the Initial Public Offerings in the Brazilian market between January 2004 and April 2007

    University essay from Handelshögskolan vid Umeå universitet

    Author : Emerson Faria; [2007]
    Keywords : Initial Public Offering - IPO; going public; underpricing; first-day trading; market performance; abnormal returns;

    Abstract : IPO underpricing is a phenomenon found in all markets worldwide. Investors are always looking for a good opportunity of short-term abnormal positive returns, and the IPOs first-day trading returns have been a good investment strategy for both institutional and private investors in all markets of the world. READ MORE

  4. 23. Liquidity Providers on the Nordic Exchange

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Niklas Sjöblom; Wilhelm Landgren; [2007]
    Keywords : Liquidity Providers; Nordic Exchange; Event Study; Determinants;

    Abstract : The purpose of this paper is threefold. Firstly, the paper examines the relationship between stock returns and market makers on the Nordic Exchange. As the first study of its kind this paper focuses on the introduction of a market making service, but also the termination of such a service and its effects on asset pricing. READ MORE

  5. 24. ADRs: Why the “Law of One Price” does not hold for US equity issuing ADRs from restricted countries. The example of Latin America.

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Jonatan Forsberg; Georgios Monokandylos; [2006]
    Keywords : ADR; American Depository Receipt; Violation of the Law of One Price; Latin America;

    Abstract : In this paper we study the market anomaly of price divergence between the ADRs issued from Latin America on the US market and their corresponding domestic securities. Our sample comprises from 107 listed ADRs having one of the Latin American countries as home country. READ MORE

  6. 25. Enhanced Liquidity and Returns on the Emerging Baltic Market

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Patrik Adamson; Gustaf Backemar; [2006]
    Keywords : Liquidity; Emerging Markets; Baltic;

    Abstract : Markets are ever evolving. By their very nature studies of them call for abstractions and assumptions, such as that of a frictionless market. But this assumption ignores what in practice is commonly referred to as the single most important feature of a well functioning market: liquidity. READ MORE