Voluntary trading suspensions in Singapore
AbstractThis paper successfully subgroups firm-initiated suspensions into 'favourable news' and 'unfavourable news' suspensions. The 'favourable news' group experiences significantly positive abnormal returns around the event date. The 'unfavourable news' group, on the other hand, suffers a prolonged decline. The high trading volumes in the pre- and the post-suspension periods suggest that firm-initiated suspensions on the Singapore Exchange involve the release of new sensitive information. Firm-initiated trading suspensions are also accompanied by increases in post-suspension return volatility.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Financial Economics.
Volume (Year): 13 (2003)
Issue (Month): 7 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RAFE20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Bacha, Obiyathulla I. & Mohamed, Eskandar R. & Ramlee, Roslily, 2008. "The Efficiency of Trading Halts; Evidence from Bursa Malaysia," MPRA Paper 13077, University Library of Munich, Germany.
- Frino, Alex & Lecce, Steven & Segara, Reuben, 2011. "The impact of trading halts on liquidity and price volatility: Evidence from the Australian Stock Exchange," Pacific-Basin Finance Journal, Elsevier, vol. 19(3), pages 298-307, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.