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The Economics of Demutualization. An Empirical Analysis of the Securities Exchange Industry.
Felix Treptow
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Description for The Economics of Demutualization. An Empirical Analysis of the Securities Exchange Industry.
Paperback. Felix Treptow examines the changing relationship between exchanges and issuers, analyses the micro- and macroeconomic drivers of the demutualization decision, and investigates its impact on market liquidity. He presents a detailed analysis of both the determinants as well as the consequences of the demutualization of securities exchanges. Series: Innovation und Entrepreneurship. Num Pages: 127 pages, 21 black & white tables, biography. BIC Classification: KFF. Category: (P) Professional & Vocational. Dimension: 210 x 148 x 8. Weight in Grams: 194.
Whenever an economic institution is being transformed, researchers have an unusual opportunity to study causes and effects of the transformation and to test the economic theory related to the institution itself. Over the course of the last decade the global securities exchange industry has undergone such a tremendous change. Stock exchanges have demutualized and have turned into for-profit entities. Securities exchanges play a crucial role in modern market economies. They provide market participants with financial instruments of all sorts, serve as mechanism for price discovery and are an important source for external financing. Despite their important role, research covering the ... Read more
Whenever an economic institution is being transformed, researchers have an unusual opportunity to study causes and effects of the transformation and to test the economic theory related to the institution itself. Over the course of the last decade the global securities exchange industry has undergone such a tremendous change. Stock exchanges have demutualized and have turned into for-profit entities. Securities exchanges play a crucial role in modern market economies. They provide market participants with financial instruments of all sorts, serve as mechanism for price discovery and are an important source for external financing. Despite their important role, research covering the ... Read more
Product Details
Format
Paperback
Publication date
2006
Publisher
Deutscher Universitats-Verlag Germany
Number of pages
127
Condition
New
Series
Innovation und Entrepreneurship
Number of Pages
113
Place of Publication
Wiesbaden, Germany
ISBN
9783835004696
SKU
V9783835004696
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Felix Treptow
Dr. Felix Treptow ist wissenschaftlicher Assistent von Prof. Dietmar Harhoff, Ph. D., am Institut für Innovationsforschung, Technologiemanagement und Entrepreneurship der Universität München.
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