Topic
Stock exchange
About: Stock exchange is a research topic. Over the lifetime, 39566 publications have been published within this topic receiving 612044 citations.
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TL;DR: In this article, the authors examine stock exchange trading rules for market manipulation, insider trading, and broker-agent conflict, across countries and over time, in 42 stock exchanges around the world.
215 citations
TL;DR: In this article, the authors examined abnormal stock price changes prior to executive stock option grants and found a statistically significant abnormal decrease in stock prices during the 10-day period immediately preceding the grant date.
215 citations
TL;DR: The theory of equilibrium and efficiency of resource allocation, initially developed for a world of certainty, has been reinterpreted for the world of uncertainty, thanks to a suggestion made by Arrow [1] and pursued further by Debreu [7] as discussed by the authors.
Abstract: The theory of equilibrium and efficiency of resource allocation, initially developed for a world of certainty, has been reinterpreted for a world of uncertainty, thanks to a suggestion made by Arrow [1] and pursued further by Debreu [7].2
212 citations
TL;DR: In this paper, the authors investigated the comovement between exchange rates and stock prices in the Asian emerging markets and found that during crisis periods, contagion or spillover between asset prices, when compared with tranquil periods.
212 citations
TL;DR: In this paper, the authors used intraday options data from the peak of the Internet bubble to find no evidence that short-sale restrictions affected Internet stock prices, and they concluded that short sale restrictions prevented rational investors from driving internet stock prices to reasonable levels.
Abstract: Many believe that a bubble was behind the high prices of Internet stocks in 1999-2000, and that short-sale restrictions prevented rational investors from driving Internet stock prices to reasonable levels. Using intraday options data from the peak of the Internet bubble, we find no evidence that short-sale restrictions affected Internet stock prices. Investors could also cheaply short synthetically using options. Option strategies could also permit investors to mitigate synchronization risk. During this time, information was discovered in the options market and transmitted to the stock market, suggesting that the bubble could have been burst by options trading.
211 citations