Amsterdam Stock Exchange Research Papers

Amsterdam Stock Exchange Research Papers-15
Mensah (2005) argued that the slow pace of demutualization in emerging markets such as Africa may be due to the fact that African governments are reluctant to undertake the process as long as they are satisfied with the performance of their mutual exchanges in terms of meeting their national objectives.

Tags: Example Of A Phd Research ProposalSample Essay TitlesLenin And Philosophy And Other Essays Monthly Review Press 1971Problem Solving In Math Examples With AnswersMy Family Support Me EssayEssay For Scholarship ApplicationsCreative Content WritingArgumentative Essay AntigoneFloriculture Business PlanHopes And Dreams Essay Of Mice And Men

Visit for more related articles at International Journal of Economics & Management Sciences This paper evaluates the impact of ownership structure on stock exchange performance using data from 50 stock exchanges for the period 1990 to 2011.

The study adopts the Least Squares Dummy Variable (LSDV) regression model to examine the nature and significance of the relationship between stock exchange ownership structure and performance.

Steil [12] added an interesting dimension to the discussion as he argued that the change in governance structure of an exchange is not important as demutualized exchanges can still provide the same services and accrue the same benefits as in mutual exchanges.

Kongden (1998) also found that mutual exchanges are able to maximize the interests of both parties concerned as opposed to demutualized entities.

The findings indicate that demutualized exchanges tend to perform better than mutual exchanges in terms of value of trades, market capitalization, and listings.

Surprisingly, the study reveals that while combining demutualization and automation has a positive effect on market capitalization, automation is associated with reduced trading volumes and listings, ostensibly due to information efficiency effects of automation.

While the general trend globally has been that automation precedes demutualization, Zimbabwe has plans to automate and demutualize its stock exchange around the same time.

Given the clearly negative effect of automation on listings and volumes of trades, questions are raised regarding the efficacy of the model that Zimbabwe has adopted to boost domestic and foreign investor participation on its bourse.

Received Date: January 29, 2014; Accepted Date: February 01, 2014; Published Date: February 10, 2014 Citation: Nyangara D, Musikavanhu TP (2014) An Empirical Analysis of the Impact of Demutualization on Stock Exchange Performance: Lessons for Zimbabwe. doi:10.4172/2162-6359.1000161 Copyright: © 2014 Nyangara D, et al.

This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

SHOW COMMENTS

Comments Amsterdam Stock Exchange Research Papers

  • Calendar Effects on the Amsterdam Stock Exchange.
    Reply

    Calendar Effects on the Amsterdam Stock Exchange. day and Inter market Volatility in Foreign Exchange Rates,' Review of Economic Studies, 58, pp. Damodaran, A. 1989, 'The Weekend Effect in Information Releases A Study of Earnings.…

  • Stock exchange merger and liquidity The case of Euronext
    Reply

    The paper empirically investigates the effects of the Euronext stock exchange merger on listed firms, i.e. the merger of stock exchanges in Amsterdam, Brussels.…

  • Stock Market Analysis Research Papers - Academia.edu
    Reply

    View Stock Market Analysis Research Papers on for free. Fue publicado en Amsterdam en 1688, en castellano. El texto describe con bastante.…

  • Amsterdam Stock Exchange - Research Explorer
    Reply

    The world's first stock exchange how the Amsterdam market for Dutch East India. hesitancy about trading the valuable shares that existed only on paper.…

  • The Integration of the Euronext Stock Market - FIU College of.
    Reply

    Creation and Segmentation of the Euronext Stock Exchange. In this paper, we revisit the Nielsson 2009 study by offering a new approach to investigating the.…

  • Part C NASDAQ - Semantic Scholar
    Reply

    In the early stages of the project, research assistance was ably provided by. to researching the groundbreaking NYSE-Euronext merger, Nathan Qun Wai Ma, Melbourne. F.3 Australian Securities Exchange and Singapore Stock Exchange. The catalyst for the preparation of this working paper was the epochal.…

  • Stock Market Expectations of Dutch Households - De.
    Reply

    Of stock market returns. This paper reports findings from a study that collected data. Amsterdam Stock Market Index AEX for the period 1983–2009. The first.…

  • The Future of Stock Exchanges Determinants and Prospects.
    Reply

    Feb 28, 2015. We study the determinants of stock market development and the growing. in Emerging Economies Evolution and Prospects”, Working Paper World Bank 2002. in Emerging Markets”, mimeo, University of Amsterdam.…

  • Amsterdam
    Reply

    Book an educational tour at the Amsterdam Exchange Experience. Take a look behind the scenes of the Amsterdam exchange. A unique experience for.…

  • The Structural Evolution of Stock Exchanges
    Reply

    A few years later, Euronext merged with the NYSE and OMX merged with NASDAQ. According to these works, stock markets contribute to economic growth by. However, only one category of costs increases during the period of study.…

The Latest from granarts.ru ©