Reduction of constraints on arbitrage trading and market efficiency: an examination of ex-day returns in Hong Kong after introduction of electronic settlement
Article Abstract:
Issues related to the economic benefits of short-term trading in the Hong Kong financial markets are examined, focusing on the conclusion that freedom in trading increases the pricing efficiency in markets. Topics include the economic climate in Hong Kong, where neither dividends or capital gains are taxed, and the role electronic systems played in increasing short-term trading.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2000
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The impact of global equity offerings
Article Abstract:
Issues related to the practice of US firms issuing equities in international markets are examined, focusing on benefits to firms and effect on demand and price. Topics include a comparison of international and domestic offerings, and business gains that accompany an increase in foreign shareholders.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2000
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