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Demutualization, Outsider Ownership and Stock Exchange Performance - Empirical Evidence

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Author Info
Baris Serifsoy ()

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Abstract

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File URL: http://www.finance.uni-frankfurt.de/wp/1020.pdf
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Paper provided by Department of Finance, Goethe University Frankfurt am Main in its series Working Paper Series: Finance and Accounting with number 157.

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Date of creation: 2008
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Handle: RePEc:fra:franaf:157

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Related research
Keywords: exchanges demutualization effciency DEA Malmquist-Productivity Tobit panel data regressions bootstrapping

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Find related papers by JEL classification:
F39 - International Economics - - International Finance - - - Other
G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Capital and Ownership Structure
C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data
C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models
C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis

References listed on IDEAS
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  1. Benn Steil, . "Changes in the Ownership and Governance of Securities Exchanges: Causes and Consequences," Center for Financial Institutions Working Papers 02-15, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
  2. Puneet Handa, 2004. "The Economic Value of a Trading Floor: Evidence from the American Stock Exchange," Journal of Business, University of Chicago Press, vol. 77(2), pages 331-356, April. [Downloadable!]
  3. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, Econometric Society, vol. 50(6), pages 1393-1414, November. [Downloadable!] (restricted)
  4. Krishnamurti, Chandrasekhar & Sequeira, John M. & Fangjian, Fu, 2003. "Stock exchange governance and market quality," Journal of Banking & Finance, Elsevier, vol. 27(9), pages 1859-1878, September. [Downloadable!] (restricted)
  5. Schmiedel, Heiko, 2001. "Technological development and concentration of stock exchanges in Europe," Research Discussion Papers 21/2001, Bank of Finland. [Downloadable!]
  6. Fare, Rolf & Shawna Grosskopf & Mary Norris & Zhongyang Zhang, 1994. "Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries," American Economic Review, American Economic Association, vol. 84(1), pages 66-83, March. [Downloadable!] (restricted)
  7. Jennifer A. Elliott, 2002. "Demutualization of Securities Exchanges: A Regulatory Perspective," IMF Working Papers 02/119, International Monetary Fund. [Downloadable!]
  8. Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November. [Downloadable!] (restricted)
  9. Dusansky, Richard & Wilson, Paul W, 1994. "Technical Efficiency in the Decentralized Care of the Developmentally Disabled," The Review of Economics and Statistics, MIT Press, vol. 76(2), pages 340-45, May. [Downloadable!] (restricted)
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This page was last updated on 2008-11-16.


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