Treptow The Economics of Demutualization

An Empirical Analysis of the Securities Exchange Industry
2006
ISBN: 978-3-8350-9311-9
Verlag: Deutscher Universitätsverlag
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 113 Seiten, eBook

Reihe: Innovation und Entrepreneurship

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.

Dr. Felix Treptow ist wissenschaftlicher Assistent von Prof. Dietmar Harhoff, Ph. D., am Institut für Innovationsforschung, Technologiemanagement und Entrepreneurship der Universität München.

Zielgruppe

Research

Autoren/Hrsg.

Treptow, Felix

Weitere Mitwirkende

Harhoff, Ph.D., Prof. Dietmar

Inhaltsverzeichnis

1;Foreword;6
2;Acknowledgements;7
3;Table of Contents;9
4;List of Figures;11
5;List of Tables;12
6;Chapter 1 Introduction;14
7;Chapter 2 Stock Exchanges and Issuers: A Changing Relationship*;23
7.1;2.1 Introduction;23
7.2;2.2 The Changing Nature of the Exchange Issuer Relationship;26
7.3;2.3 Current Specifications of Listing Contracts;34
7.4;2.4 Do the Current Policy Debates Reflect the Changing Nature of the Exchange Issuer Relationship?;42
7.5;2.5 Conclusion;48
7.6;Bibliography;49
8;Chapter 3 The Determinants of Demutualization*;53
8.1;3.1 Introduction;53
8.2;3.2 The Determinants of Demutualization;56
8.3;3.3 Empirical Investigation;68
8.4;3.4 Conclusion and Outlook;80
8.5;Bibliography;81
8.6;Appendices;85
9;Chapter 4 The Impact of Demutualization^;91
9.1;4.1 Introduction;91
9.2;4.2 Demutualization and Competition between Stock Exchanges;94
9.3;4.3 Empirical Investigation;100
9.4;4.4 Conclusion and Outlook;118
9.5;Bibliography;120

Stock Exchanges and Issuers: A Changing Relationship.- The Determinants of Demutualization.- The Impact of Demutualization.

Über Autor(innen)

Dr. Felix Treptow ist wissenschaftlicher Assistent von Prof. Dietmar Harhoff, Ph. D., am Institut für Innovationsforschung, Technologiemanagement und Entrepreneurship der Universität München.