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[null,"1.","Record Nr.",null,"UNINA9910966498603321"]
[null,null,"Titolo",null,"Global stock exchanges : stability, interrelationships, and roles / / Paolo B. Cassedes, editor"]
[null,null,"Pubbl/distr/stampa",null,"New York, : Nova Science Publishers, c2009"]
[null,null,"ISBN",null,"1-61728-427-0"]
[null,null,"Edizione",null,"[1st ed.]"]
[null,null,"Descrizione fisica",null,"1 online resource (222 p.)"]
[null,null,"Disciplina",null,"332.64/2"]
[null,null,"Soggetti",null,"Stock exchanges"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","Description based upon print version of record."]
[null,null,null,"Nota di bibliografia","Includes bibliographical references and index."]
[null,null,"Nota di contenuto",null,"Intro -- GLOBAL STOCK EXCHANGES:STABILITY, INTERRELATIONSHIPS,AND ROLES -- CONTENTS -- PREFACE -- INSTITUTIONAL OWNERSHIP IN S&amp -- PINDEX FINANCIAL CORPORATIONS* -- Abstract -- 1. Introduction -- 2. Literature Review and Hypothesis Development -- 3. Data, Methodology and Variable Definitions -- 3.1. Sample Selection -- 3.2. Empirical Methodology -- 3.3. Variable Definitions -- 3.4. Other Control Variables -- 4. Empirical Analysis -- 4.1. Summary Statistics -- 4.2. Time-Series Analysis of Changes in Institutional Ownership -- 4.2.1. Average Changes in Institutional Ownership over Time -- 4.2.2. Frequency Distribution Analysis of Yearly Changes in InstitutionalOwnership -- 4.2.3. Yearly Changes in Institutional Ownership across Bull and Bear Markets -- 4.3. Univariate Analysis -- 4.4. Multiple Regression Results Across Bull and Bear Markets -- 4.5. Multiple Regression Results Across Different S&amp -- P Indices and FinancialFirm Types -- 4.6. Endogenous Model with Lagged Variables -- 4.7. Effects of Changes in Firm Characteristics on Institutional Ownership -- 4.8. Additional Analysis -- 5. Conclusions -- Appendix Tables -- References -- RATIONAL BUBBLES IN ISTANBUL STOCKEXCHANGE: LINEAR AND NONLINEARUNIT ROOT TESTS -- Abstract -- 1. Introduction -- 2. Types of Stock Price Bubbles -- 2.1. Non Rational Bubbles -- 2.1.1. Two-traders Model -- 2.1.2. Investor Psychology -- 2.2. Rational Bubbles -- 2.3. Inefficiencies due to Imperfect and Heterogeneous Information -- 3. Present Value Model and Rational Bubbles -- 4. Empirical Tests of Rational Bubbles -- 4.1. Bubble Premium Tests -- 4.2. Excess Volatility Tests -- 4.3. Unit Root and Cointegration Tests -- 5. Testing Rational Bubbles in Istanbul Stock Exchange -- 5.1. Linear Unit Root Test Methodology -- 5.2. "]
[{"$nulls":4},"Bilinear Unit Root Test Methodology -- 6. Empirical Findings."]
[{"$nulls":4},"6.1. Empirical Findings of Linear Unit Root Model -- 6.2. Empirical Findings of Bilinear Unit Root Model -- 7. Conclusion -- References -- LEARNING TO LIVE WITH THE FLOAT:TURKEY'S EXPERIENCE 2001-2003 -- Abstract -- 1 Introduction -- 2 Exchange Rate Regimes and Policy in Emerging MarketEconomies -- 3 Turkish Economy: An Overview -- 4 Policy Under Floating Exchange Rate Regime in Turkey -- 5 Accumulated Risks -- 6 Conclusion -- References -- GLOBALIZATION AND STOCK MARKET STABILITY -- Introduction -- Major Aspects of Stock Market Globalization -- Liberalization of Stock Trading -- Integration of the World Stock Markets -- Adopting International Principles -- Adopting Accounting Standards and Disclosure Requirements -- Regional Integration of Stock Exchanges -- Internationalization of Stock Markets -- Increasing Foreign Share of Stock Trading -- Increasing the Role of International Mutual Funds -- Increasing Trading Value of Cross-Listed Firms -- International Public Offerings -- Conclusion -- References -- ANALYST ORIGIN AND THEIR FORECASTINGQUALITY ON THE LATIN AMERICANSTOCK MARKETS -- Abstract -- 1. Introduction -- 2. Data and Overview Statistics -- 3. Analysts' Timeliness -- 3.1. Empirical Design -- 3.2. Results for Analysts' Timeliness -- 4. Forecast Accuracy -- 4.1. Empirical Design -- 4.2. Results for Forecast Accuracy -- 5. Impact of Forecast Revisions on Security Prices -- 5.1. Empirical Design -- 5.2. Results for the Impact of Forecast Revisions on Security Prices -- 6. Conclusions -- Appendix -- Leader-to-Follower Ratio -- Acknowledgements -- References -- SARBANES-OXLEY AND THE COMPETITIVEPOSITION OF U.S. STOCK MARKETS -- Abstract -- Introduction -- Who are the Competitors? -- Trends in EXCHANGE Listings -- Foreign vs. Domestic Listings -- New Listings -- Delistings -- IPOs and Capital Formation -- Conclusion -- Endnotes."]
[{"$nulls":4},"ESTIMATION OF VALUE AT RISKFOR HETEROSCEDASTIC AND HEAVY-TAILED ASSETTIME SERIES: EVIDENCE FROM EMERGING ASIANSTOCK MARKETS -- Abstract -- 1. Introduction -- 2. Methodology -- 2.1. An Alternative VaR Model -- 2.1.1. First Stage -- 2.1.2. Second Stage -- 2.2. Backtesting VaRs -- 3. Data Description -- 4. Empirical Results -- 5. Conclusions -- CAPITAL ACCUMULATION IN LESS DEVELOPEDCOUNTRIES: DOES STOCK MARKET MATTER? -- Abstract -- I. Introduction -- II. Relationship between Stock Market Developments and CapitalAccumulation -- A. Panel Data Analysis -- B. Time Series Analysis -- III. Conclusion -- Appendix -- References -- DO INTERNATIONAL STOCK PRICES REFLECTINTERNATIONAL BUSINESS CYCLES? -- Abstract -- Introduction -- Data -- Empirical Results -- Some Concluding Remarks -- References -- INDEX."]
[null,null,null,"Sommario/riassunto","This book explores the ways in which global stock exchanges work. A stock exchange or share market is a corporation or mutual organization which provides \"trading\" facilities for stock brokers and traders to trade stocks and other securities. Stock exchanges also provide facilities for the issue and redemption of securities as well as other financial instruments and capital events including the payment of income and dividends. The initial offering of stocks and bonds to investors is by definition done in the primary market and subsequent trading is done in the secondary market. This new book is dedicated to understanding the stability, interrelations and roles of these global stock markets. The various factors which drive the supply and demand in stock markets, and subsequently affect the price of stocks, is examined as well."]