Announcement Effect of Dividend on the Stock Price of Enlisted Companies in Developed Countries: A Comparative Study between London Stock Exchange & New York Stock Exchange

2010 ◽  
Author(s):  
Mahmood Karim
Keyword(s):  
New York ◽  
Comparative Study ◽  
Stock Price ◽  
Stock Exchange ◽  
Developed Countries ◽  
New York Stock Exchange ◽  
Announcement Effect ◽  
London Stock Exchange ◽  
York Stock Exchange

Exchanges

2011 ◽  
Author(s):  
Ruben Lee
Keyword(s):  
New York ◽  
Hong Kong ◽  
Case Studies ◽  
Stock Exchange ◽  
New York Stock Exchange ◽  
London Stock Exchange ◽  
York Stock Exchange ◽  
Futures And Options ◽  
Penny Stocks

This chapter presents a series of case studies illustrating how specific exchanges have actually been governed in particular contexts. The following institutions and contexts are described in turn: the proposed iX merger between Deutsche Börse and the London Stock Exchange (LSE), and its subsequent collapse, in 2000; the “Penny Stocks Incident” at Hong Kong Exchanges and Clearing Ltd. in 2002; the attempted takeover of the LSE by NASDAQ over the period 2006–8; Euronext's purchase of London International Financial Futures and Options Exchange in 2001; the resignation of the chairman/CEO of the New York Stock Exchange in 2003; and the purchase by the “Murakami Fund” of a major block of shares in the Osaka Securities Exchange in 2005. A few brief general lessons from each case study are also identified.

scholarly journals The Market Reaction Around Ex-Dates of Stock Splits Before and After Decimalization

2005 ◽  
Vol 08 (02) ◽  
pp. 201-216 ◽  
Author(s):  
Robin K. Chou ◽  
Wan-Chen Lee ◽  
Sheng-Syan Chen
Keyword(s):  
New York ◽  
Stock Price ◽  
Trading Volume ◽  
Stock Exchange ◽  
New York Stock Exchange ◽  
Short Term ◽  
Tick Size ◽  
York Stock Exchange ◽  
Before And After ◽  
Abnormal Trading Volume

This paper examines the stock price behavior around the ex-split dates both before and after the decimalization on the New York Stock Exchange (NYSE). We find that the abnormal ex-split day returns decrease and the abnormal trading volume increases in the 1/16th and decimal pricing eras, relative to the 1/8th pricing era. These findings are consistent with the microstructure-based explanations for the ex-day price movements. Our study also supports the hypothesis that short-term traders perform arbitrage activities during the ex-split dates when transaction costs become lower after the tick size is reduced.

scholarly journals Time for Business: Business Ethics, Sustainability, and Giorgio Agamben’s ‘Messianic Time’

2016 ◽  
Vol 2 (3) ◽  
pp. 39-51
Author(s):  
Jeremy Kidwell
Keyword(s):  
New York ◽  
Stock Price ◽  
Stock Exchange ◽  
Recent Attempt ◽  
New York Stock Exchange ◽  
York Stock Exchange ◽  
Modern Business ◽  
Future Consequences ◽  
Economic Future ◽  
Hourly Basis

Contemporary business continues to intensify its radical relation to time. The New York Stock Exchange recently announced that in pursuing (as traders call it) the ‘race to zero’ they will begin using laser technology originally developed for military communications to send information about trades nearly at the speed of light. This is just one example of short-term temporal rhythms embedded in the practices of contemporary firms which watch their stock price on an hourly basis, report their earnings quarterly, and dissolve future consequences and costs through discounting procedures. There is reason to believe that these radical conceptions of time and its passing impair the ability of businesses to function in a morally coherent manner. In the spirit of other recent critiques of modern temporality such as David Couzen Hoys The Time of Our Lives, in this paper, I present a critique of the temporality of modern business. In response, I assess the recent attempt to provide an alternative account of temporality using theological concepts by Giorgio Agamben. I argue that Agamben’s more integrative account of messianic time provides a richer ambitemporal account which might provide a viable temporality for a new sustainable economic future.

scholarly journals Legal Aspects of ''Going International''

1994 ◽  
Vol 24 (2) ◽  
pp. 121
Author(s):  
David K. Linnan
Keyword(s):  
New York ◽  
Stock Exchange ◽  
Legal Aspects ◽  
New York Stock Exchange ◽  
London Stock Exchange ◽  
York Stock Exchange

Dalam usaha mendapatkan dana, Pemerintah merencanakan Badan Usaha Milik Negara(BUMN) untuk "go international". Karangan ini mencoba untuk menjelaskan kemungkinan-kemungkinan bagi BUMN Indonesia menjual saham melalui Bursa Efek di luar negeri.Salah satu contoh adalah kemungkinan bagi Indosat untuk menjual sahamnya di New YorkStock Exchange atau London Stock Exchange. Hal yang sama untuk swastanisasi padaumumnya dan telah lebih dulu dilakukan oleh perusahaan telekomunikasi Mexico, Chile danArgentina yang menjual sahamnya di New York Stock Exchange dan bursa efek lainnya.

scholarly journals Bid-Ask Spread Decomposition and Information Asymmetry of Firms Cross-Listed in the London and New York Exchanges

2017 ◽  
Vol 4 (1) ◽  
pp. 16 ◽  
Author(s):  
Robin Hang Luo
Keyword(s):  
New York ◽  
Information Asymmetry ◽  
Stock Exchange ◽  
New York Stock Exchange ◽  
London Stock Exchange ◽  
Order Processing ◽  
Bid Ask Spread ◽  
York Stock Exchange ◽  
Processing Cost ◽  
Spread Decomposition

This paper compares the effective bid-ask spread and examines the decomposition of spread in the London Stock Exchange (LSE) and New York Stock Exchange (NYSE). Results indicate that order persistence cost is generally higher in NYSE than in LSE while order processing cost in NYSE is lower, and higher proportion of the bid-ask spread is directly related to the information inefficiency in LSE.

International Stock Price Co-movement

2013 ◽  
Vol 12 (3) ◽  
pp. 157-191 ◽  
Author(s):  
Kenjiro Hirayama ◽  
Yoshiro Tsutsui
Keyword(s):  
New York ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
New York Stock Exchange ◽  
Common Shocks ◽  
Standard Time ◽  
Minute Period ◽  
York Stock Exchange ◽  
International Investors

Two possible causes of international stock price co-movement are examined: the existence of global common shocks and portfolio adjustments by international investors. Empirical analyses indicate that the former explains a significant part of the co-movement and the latter is unlikely to play an important role. We extend the analysis to intra-day high-frequency data. For example, when the Tokyo Stock Exchange begins its daily trading at 9:00 A.M. Japan Standard Time (JST), stock prices in Tokyo exhibit responses to preceding changes in New York. An analysis with minute-byminute data indicates that Tokyo's response to New York dissipates within about six minutes after opening. On the other hand, when the New York Stock Exchange (NYSE) opens at 9:30 A.M. Eastern Standard Time (EST), its response to Tokyo dissipates within 14 minutes. Thus, the movement of stock prices is transmitted rapidly across countries. Finally real-time simultaneous interactions between Shanghai (Shenzhen) and Tokyo are analyzed for a 30-minute period in the morning and a 60-minute period in the afternoon. Investors in Tokyo are watching stock prices in Shanghai, but not vice versa. Tight regulations on Chinese investors to prevent them from holding foreign stocks may be the reason why they do not pay any attention to stock price movements in Tokyo.

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