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The Impact of Changes in Trading Location on a Security's Systematic Risk
Published online by Cambridge University Press: 19 October 2009
Extract
Listing of common stock on an exchange is believed by many to have a positive value for the firm. One implication of purported advantages has been improvement in the price of the stock when it is listed. Another advantage to an investor could be a reduction in the risk level of a security through trading location changes. The purpose of this research is to investigate the effect upon a security's risk level when its trading location is transferred to the New York Stock Exchange.
- Type
- Research Article
- Information
- Journal of Financial and Quantitative Analysis , Volume 10 , Issue 5 , December 1975 , pp. 881 - 890
- Copyright
- Copyright © School of Business Administration, University of Washington 1975
References
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