The Efficiency of Trading Halts: Emerging Market Evidence
This paper reports new findings on the price effect from trading halts - both voluntary and mandatory - over 2000-04 in an emerging share market, Malaysia. Based on our overall sample, trading halts lead to positive price reaction, increased volume, and increased volatility.We found evidence of info...
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Universiti Utara Malaysia
2008
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my.uum.repo.250952018-10-31T01:06:38Z http://repo.uum.edu.my/25095/ The Efficiency of Trading Halts: Emerging Market Evidence Bacha, Obiyathulla I. S. A., Mohamed Eskandarn Ramlee, Roslily HG Finance This paper reports new findings on the price effect from trading halts - both voluntary and mandatory - over 2000-04 in an emerging share market, Malaysia. Based on our overall sample, trading halts lead to positive price reaction, increased volume, and increased volatility.We found evidence of information leakage resulting in a significant difference between voluntary and mandatory halts as well as the type of news released during halts to warrant such an impact. The duration of the halt has an isolated impact and is largely inconsequential. The frequency of halts does not seem to matter. Universiti Utara Malaysia 2008 Article PeerReviewed application/pdf en http://repo.uum.edu.my/25095/1/IJBF%205%202%202008%20125%20148.pdf Bacha, Obiyathulla I. and S. A., Mohamed Eskandarn and Ramlee, Roslily (2008) The Efficiency of Trading Halts: Emerging Market Evidence. The International Journal of Banking and Finance, 5 (2). pp. 125-148. ISSN 1617-722 http://ijbf.uum.edu.my/index.php/previous-issues/136-the-international-journal-of-banking-and-finance-ijbf-vol-5-no-2-2008 |
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HG Finance Bacha, Obiyathulla I. S. A., Mohamed Eskandarn Ramlee, Roslily The Efficiency of Trading Halts: Emerging Market Evidence |
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This paper reports new findings on the price effect from trading halts - both voluntary and mandatory - over 2000-04 in an emerging share market, Malaysia. Based on our overall sample, trading halts lead to positive price reaction, increased volume, and increased volatility.We found evidence of information leakage resulting in a significant difference between voluntary and mandatory halts as well as the type of news released during halts to warrant such an impact. The duration of the halt has an isolated impact and is largely inconsequential. The frequency of halts does not seem to matter. |
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Article |
author |
Bacha, Obiyathulla I. S. A., Mohamed Eskandarn Ramlee, Roslily |
author_facet |
Bacha, Obiyathulla I. S. A., Mohamed Eskandarn Ramlee, Roslily |
author_sort |
Bacha, Obiyathulla I. |
title |
The Efficiency of Trading Halts: Emerging Market Evidence |
title_short |
The Efficiency of Trading Halts: Emerging Market Evidence |
title_full |
The Efficiency of Trading Halts: Emerging Market Evidence |
title_fullStr |
The Efficiency of Trading Halts: Emerging Market Evidence |
title_full_unstemmed |
The Efficiency of Trading Halts: Emerging Market Evidence |
title_sort |
efficiency of trading halts: emerging market evidence |
publisher |
Universiti Utara Malaysia |
publishDate |
2008 |
url |
http://repo.uum.edu.my/25095/1/IJBF%205%202%202008%20125%20148.pdf http://repo.uum.edu.my/25095/ http://ijbf.uum.edu.my/index.php/previous-issues/136-the-international-journal-of-banking-and-finance-ijbf-vol-5-no-2-2008 |
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1644284225231257600 |
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13.160551 |