Why do only some Nasdaq firms switch to the NYSE? Evidence from corporate transactions

Journal of Financial Markets - Tập 14 - Trang 109-126 - 2011
Simi Kedia1, Venkatesh Panchapagesan2
1Rutgers Business School, 94 Rockafeller Road, Levin 117, Piscataway, NJ 08854, USA
2Goldman Sachs Asset Management, 32 Old Slip, New York, NY 10005, USA

Tài liệu tham khảo

Aggarwal R., Angel J., 1997. Optimal listing policy: why Microsoft and Intel do not list on the NYSE. Georgetown University Working Paper. Amihud, 1986, Asset pricing and the bid-ask spread, Journal of Financial Economics, 17, 223, 10.1016/0304-405X(86)90065-6 Amihud, 1988, Liquidity and asset prices: financial market implications, Financial Management, 17, 5, 10.2307/3665910 Arbel, 1982, The neglected and small firm effects, The Financial Review, 17, 201, 10.1111/j.1540-6288.1982.tb00504.x Baker, 1990, Survey of management’s view on exchange listing, Quarterly Journal of Business and Economics, 29, 3 Baker, 1999, Listing changes and visibility gains, Quarterly Journal of Business and Economics, 38, 46 Baker, 1999, Does NYSE listing affect firm visibility, Financial Management, 28, 46, 10.2307/3666194 Barry, 1986, Limited information as a source of risk, Journal of Portfolio Management, 12, 66, 10.3905/jpm.1986.409052 Bhardwaj, 1992, Stock price and degree of neglect as determinants of stock returns, Journal of Financial Research, 15, 101, 10.1111/j.1475-6803.1992.tb00791.x Christie, 1993, Market structures and liquidity: a transactions data study of exchange listings, Journal of Financial Intermediation, 3, 300, 10.1006/jfin.1994.1008 Christie, 1994, Why do Nasdaq market makers avoid odd-eighth quotes?, Journal of Finance, 49, 1813, 10.2307/2329272 Cowan, 1992, Explaining the NYSE listing choices of Nasdaq firms, Financial Management, 21, 73, 10.2307/3665842 Dharan, 1995, The long run drift of post-listing stock returns, Journal of Finance, 50, 1547, 10.2307/2329326 Goyal, 2004, Growth opportunities and corporate debt policy, Journal of Financial Economics, 64, 35, 10.1016/S0304-405X(02)00070-3 Jacquier, E., Titman, S., Yalcin, A., 2001. Growth opportunities and assets in place. Boston University Working Paper. Kadlec, 1994, The effect of market segmentation and market illiquidity on asset prices: evidence from exchange listing, Journal of Finance, 49, 611, 10.2307/2329165 McConnell, 1987, The puzzle in post-listing common stock returns, Journal of Finance, 42, 119, 10.2307/2328423 Merton, 1987, Presidential address: a simple model of capital market equilibrium with incomplete information, Journal of Finance, 42, 799, 10.2307/2328367 Reinganum, 1990, Market microstructure and asset pricing: an empirical investigation of NYSE and Nasdaq securities, Journal of Financial Economics, 28, 127, 10.1016/0304-405X(90)90050-A