Penny Stocks in India

2017 ◽  
Author(s):  
Kanishka Gaggar
Keyword(s):  
Penny Stocks

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 Impact Of Penny Stocks On The Pricing Of Companies Listed On The Warsaw Stock Exchange In Light Of The CAPM

2014 ◽  
Vol 14 (2) ◽  
pp. 163-178 ◽  
Author(s):  
Stanisław Urbański ◽  
Paweł Jawor ◽  
Kacper Urbański
Keyword(s):  
Stock Exchange ◽  
Market Values ◽  
Developed Markets ◽  
Stock Portfolios ◽  
Study Results ◽  
Warsaw Stock Exchange ◽  
Penny Stocks ◽  
The Impact ◽  
Objective Research

Abstract Oryginality and objective – Research on the pricing of stocks listed on developed markets shows inexplicable deviation from the pricing that could be observed with CAPM validity. A similar anomaly is found on the Polish market. Reasons for inconsistent pricing with CAPM are unknown, and they are the main objective of this research. Method – The study is conducted using stocks listed on the Warsaw Stock Exchange in 1995–2012. Quintile stock portfolios are formed on the basis of strategies widely used by investors. The study is carried out in several modes. In the subsequent modes penny stocks with the market values below 0.5, 1.5, 5.0 and 15.0 PLN are eliminated. Results – It is conjectured that both penny stocks and improper procedures for the test portfolios forming contribute to inconsistent stock pricing in light of the CAPM. The studies show that results are in line with the extended conjectures. Also, study results indicate that speculative stocks are mostly penny stocks, however, it is not possible to explicitly state that penny stock are speculative.

scholarly journals Stock Spams: Another Kind Of Stock Prices Manipulation

2012 ◽  
Vol 29 (1) ◽  
pp. 79 ◽  
Author(s):  
Taoufik Bouraoui ◽  
Mohamed Mehanaoui ◽  
Bouchaib Bahli
Keyword(s):  
Event Study ◽  
Stock Prices ◽  
Market Reaction ◽  
Font Size ◽  
Event Window ◽  
Parametric Test ◽  
Study Methodology ◽  
Penny Stocks ◽  
The Impact ◽  
Event Study Methodology

<span style="font-family: Times New Roman; font-size: small;"> </span><p style="margin: 0in 0.5in 0pt; text-align: justify;" class="MsoNormal"><span style="font-family: Times New Roman;"><span lang="EN-GB" style="color: black; font-size: 10pt; mso-ansi-language: EN-GB;">This research investigates the market reaction to an information-based manipulation called stock spams. The impact is focused on the liquidity variable which is measured by </span><span lang="EN-GB" style="font-size: 10pt; mso-ansi-language: EN-GB;">Amivest ratio. Using the event study methodology on a sample of penny stocks for the period February 2006 through October 2008, our findings suggest <span style="color: black;">positive and significant abnormal liquidities for stocks targeted by manipulators during the event window. Robustness checks were performed using a non-parametric test. These results support the thesis that this kind of manipulation is a very flourishing business that manipulators exploit by simply purchasing stocks at low prices and selling them at higher prices. </span></span></span></p><span style="font-family: Times New Roman; font-size: small;"> </span>

Penny Stocks: A Handy Tool for Enhancing Fund Performance?

2019 ◽  
Vol 48 (4) ◽  
pp. 445-475
Author(s):  
Inwook Song ◽  
Young K. Park
Keyword(s):  
Fund Performance ◽  
Penny Stocks

Big Fish in a Small Pond: Institutional Trading of Penny Stocks

2020 ◽  
Vol 10 (02) ◽  
pp. 2050005
Author(s):  
Wei Huang ◽  
George J. Jiang
Keyword(s):  
Institutional Investors ◽  
Poor Performance ◽  
Institutional Ownership ◽  
Steady Increase ◽  
Investment Strategies ◽  
Institutional Trading ◽  
The Past ◽  
Penny Stocks

There has been a steady increase in institutional ownership of penny stocks over the past decades. Nevertheless, we show that penny stocks bought by institutional investors significantly underperform other penny stocks in subsequent four quarters. This poor performance is mainly driven by quasi-indexers, i.e., institutions with passive and widely diversified investment strategies. In comparison, dedicated institutions, i.e., those with low turnover but large average investments in portfolio firms and a commitment to “relationship investing”, have marginally significant ability in trading penny stocks.

On the Trading Profitability of Penny Stocks

2011 ◽  
Author(s):  
Qianqiu Liu ◽  
S. Ghon Rhee ◽  
Liang Zhang
Keyword(s):  
Penny Stocks
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