Reduction of constraints on arbitrage trading and market efficiency: an examination of ex-day returns in Hong Kong after introduction of electronic settlement

Article Abstract:

Issues related to the economic benefits of short-term trading in the Hong Kong financial markets are examined, focusing on the conclusion that freedom in trading increases the pricing efficiency in markets. Topics include the economic climate in Hong Kong, where neither dividends or capital gains are taxed, and the role electronic systems played in increasing short-term trading.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Hong Kong, Evaluation, Economic aspects, Exchanges, Electronic trading (Securities), Online securities trading, Arbitrage

---

The impact of global equity offerings

Article Abstract:

Issues related to the practice of US firms issuing equities in international markets are examined, focusing on benefits to firms and effect on demand and price. Topics include a comparison of international and domestic offerings, and business gains that accompany an increase in foreign shareholders.

World, International aspects, Securities, Securities industry, Capital market, Capital markets

---

Similar abstracts:

• Abstracts: Conflict of interest and market illiquidity in bankruptcy auctions: theory and tests. A theory of dividends based on tax clienteles
• Abstracts: Hostility in takeovers: in the eyes of the beholder? The nature of discipline by corporate takeovers. Corporate equity ownership, strategic alliances, and product market relationships

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.