How are stock prices affected by the location of trade?

Article Abstract:

Pairs of large, Siamese twin companies were examined to gain an insight into the effects of the location of trade on stock prices. The objective was to show that the relative price of twin stocks is correlated with the relative stock-market indexes of the countries where the twins' stocks are traded most actively. In particular, the stocks of Siamese twins such as Royal Dutch Petroleum and Shell Transport and Trading PLC; Unilever NV and Unilever PLC; and SmithKline Beecham were analyzed. Results provide evidence that their stock prices are strongly influenced by locational factors.

Economic aspects, Prices and rates, Location, Stock prices, Industrial locations, Industrial location

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Markup pricing in mergers and acquisitions

Article Abstract:

The 1975-1991 data for stock-exchange listed target firms are used to establish empirical and theoretical connections between stock-price increases prior to and following takeover bid announcements. Results indicate that stock prices paid to shareholders of target firms in successful takeovers are not related to stock price or stock volume increases that occur before the announcement of the takeover bid.

Securities & Commodities Exchanges, Acquisitions and mergers

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When an event is not an event: the curoius case of an emerging market

Article Abstract:

The bid-ask spreads, trade volumes, returns, and return volatility on the Mexican stock exchange is investigated and detailed. The lack of a relationship between company news and stock prices in an emerging economy is reported.

Mexico, Statistical Data Included, Developing countries, Bolsa Mexicana de Valores S.A. de C.V.

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