Evidence Of A Leadership Role In The Chilean Stock Exchanges PDF Download
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| Author | : Franco Parisi |
| Publisher | : |
| Total Pages | : 26 |
| Release | : 2001 |
| Genre | : |
| ISBN | : |
Download Evidence of a Leadership Role in the Chilean Stock Exchanges Book in PDF, ePub and Kindle
In our study of the two leading stock exchanges in Chile - the Santiago Stock Exchange (SSE) and the Electronic Stock Exchange (ESE) - we find that the SSE exhibits a leadership role over the ESE in terms of transmission of returns and volatility. These results indicate that prior empirical studies showing that the New York Stock Exchange leads other exchanges is a result of market structure factors rather than a quot;US effectquot;. The factors that lead to a leadership role are deeper liquidity, more effective monitoring, and a greater concentration of speculators. Markets possessing these factors will be the first to attract investors and will lead other exchanges. Although the leadership role of the SSE creates a predictable flow of information between markets, the ability to create arbitrage opportunities is mitigated by transaction costs and the current order processing mechanism in Chile. However, our results suggest that a market's leadership could result in arbitrage opportunities in countries with lower transaction costs or different order-processing mechanisms.
| Author | : Compiled by the British Library of Political and Economic Science |
| Publisher | : Routledge |
| Total Pages | : 675 |
| Release | : 2013-05-13 |
| Genre | : Business & Economics |
| ISBN | : 1134340036 |
Download IBSS: Economics: 2002 Vol.51 Book in PDF, ePub and Kindle
First published in 1952, the International Bibliography of the Social Sciences (anthropology, economics, political science, and sociology) is well established as a major bibliographic reference for students, researchers and librarians in the social sciences worldwide. Key features * Authority: Rigorous standards are applied to make the IBSS the most authoritative selective bibliography ever produced. Articles and books are selected on merit by some of the world's most expert librarians and academics. *Breadth: today the IBSS covers over 2000 journals - more than any other comparable resource. The latest monograph publications are also included. *International Coverage: the IBSS reviews scholarship published in over 30 languages, including publications from Eastern Europe and the developing world. *User friendly organization: all non-English titles are word sections. Extensive author, subject and place name indexes are provided in both English and French. Place your standing order now for the 2003 volumes of the the IBSS Anthropology: 2002 Vol.48 December 2003: 234x156: Hb: 0-415-32634-6: £195.00 Economics: 2002 Vol.51 December 2003: 234x156: Hb: 0-415-32635-4: £195.00 Political Science: 2002 Vol.51 December 2003: 234x156: Hb: 0-415-32636-2: £195.00 Sociology: 2002 Vol.52 December 2003: 234x156: Hb: 0-415-32637-0: £195.00
| Author | : Compiled by the British Library of Political and Economic Science |
| Publisher | : Psychology Press |
| Total Pages | : 676 |
| Release | : 2003 |
| Genre | : Economics |
| ISBN | : 0415326354 |
Download International Bibliography of Economics Book in PDF, ePub and Kindle
IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
| Author | : Mr.Luis Brandao-Marques |
| Publisher | : International Monetary Fund |
| Total Pages | : 29 |
| Release | : 2016-11-16 |
| Genre | : Business & Economics |
| ISBN | : 1475554656 |
Download Stock Market Liquidity in Chile Book in PDF, ePub and Kindle
Chile has a large but relatively illiquid stock market. Global factors such as global risk appetite and monetary policy in advanced economies are key cyclical determinants of liquidity in Chilean equities. Evidence from a cross-section of emerging markets suggests strong protection of minority shareholders can help improve stock market liquitidity. Currently, illiquid in Chilean may have to pay 31⁄2 percent more as cost of equity. Corporate governance should be improved, namely through the adoption of a stewardship code.
| Author | : |
| Publisher | : |
| Total Pages | : 508 |
| Release | : 2002 |
| Genre | : |
| ISBN | : |
Download journal of multinational financial management Book in PDF, ePub and Kindle
| Author | : Rodrigo Aranda |
| Publisher | : |
| Total Pages | : 27 |
| Release | : 2008 |
| Genre | : Dynamics |
| ISBN | : |
Download Nonlinear Dynamic in the Chilean Stock Market Book in PDF, ePub and Kindle
| Author | : Sakthi Mahenthrian |
| Publisher | : |
| Total Pages | : |
| Release | : 2013 |
| Genre | : |
| ISBN | : |
Download Effect of Ownership, Governance, and Transparency on Liquidity - Chilean Evidence Book in PDF, ePub and Kindle
Companies with relatively thin trading, a high concentration of insider ownership, and a privatized pension system characterize Chile's Santiago Stock Exchange. Within this setting, we study the relationship between ownership concentration, corporate governance, and stock market liquidity. Our results suggest that board independence, corporate disclosure and outside monitoring by institutions help moderate the effects that insiders have on trading costs and liquidity. We also find that market makers with inventory reduce the informational component of trading costs. Finally, the trades of insiders provide price guidance to market makers, while traders employ a follow-the-insider strategy when transparency is low.
| Author | : Jussi Ilari Kantola |
| Publisher | : Springer |
| Total Pages | : 546 |
| Release | : 2017-06-30 |
| Genre | : Technology & Engineering |
| ISBN | : 3319603728 |
Download Advances in Human Factors, Business Management and Leadership Book in PDF, ePub and Kindle
This book reports on practical approaches for facilitating the process of achieving excellence in the management and leadership of organizational resources. It shows how the principles of creating shared value can be applied to ensure faster learning, training, business development, and social renewal. In particular, the book presents novel methods and tools for tackling the complexity of management and learning in both business organizations and society. It covers ontologies, intelligent management systems, methods for creating knowledge and value added. It gives novel insights into time management and operations optimization, as well as advanced methods for evaluating customers’ satisfaction and conscious experience. Based on two conferences, the AHFE 2017 International Conference on Human Factors, Business Management and Society and the AHFE 2017 International Conference on Human Factors in Management and Leadership, held on July 17-21, 2017, in Los Angeles, California, USA, the book provides both researchers and professionals with new tools and inspiring ideas for achieving excellence in various business activities.
| Author | : |
| Publisher | : |
| Total Pages | : 832 |
| Release | : 2008 |
| Genre | : Finance |
| ISBN | : |
Download Finance India Book in PDF, ePub and Kindle
| Author | : Michael Albertus |
| Publisher | : Cambridge University Press |
| Total Pages | : 326 |
| Release | : 2018-01-25 |
| Genre | : Political Science |
| ISBN | : 110819642X |
Download Authoritarianism and the Elite Origins of Democracy Book in PDF, ePub and Kindle
This book argues that - in terms of institutional design, the allocation of power and privilege, and the lived experiences of citizens - democracy often does not restart the political game after displacing authoritarianism. Democratic institutions are frequently designed by the outgoing authoritarian regime to shield incumbent elites from the rule of law and give them an unfair advantage over politics and the economy after democratization. Authoritarianism and the Elite Origins of Democracy systematically documents and analyzes the constitutional tools that outgoing authoritarian elites use to accomplish these ends, such as electoral system design, legislative appointments, federalism, legal immunities, constitutional tribunal design, and supermajority thresholds for change. The study provides wide-ranging evidence for these claims using data that spans the globe and dates from 1800 to the present. Albertus and Menaldo also conduct detailed case studies of Chile and Sweden. In doing so, they explain why some democracies successfully overhaul their elite-biased constitutions for more egalitarian social contracts.
