Voluntary trading suspensions in Singapore
This 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.
If 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 13 (2003)
Issue (Month): 7 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAFE20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAFE20|
When requesting a correction, please mention this item's handle: RePEc:taf:apfiec:v:13:y:2003:i:7:p:517-523. See general information about how to correct material in RePEc.
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.