|
|
|
|
||||
|
||||
Competition and Survival of Stock Exchanges: Lessons from CanadaCécile CarpentierLaval University; Center for Interuniversity Research and Analysis on Organization (CIRANO); University of Lille II - European Center for Corporate Control Studies Jean-Francois L'HerCanada Pension Plan Investment Board; Caisse de Depot et Placement du Quebec (CDPQ) Jean-Marc SuretLaval University; Center for Interuniversity Research and Analysis on Organization (CIRANO); European Center for Corporate Control Studies August 20, 2007 Abstract: We analyze the competition between two developed stock exchanges. Their development rests mainly on their capacity to attract securities and trades. The U.S. market is attracting a growing number of Canadian companies, and is capturing a growing portion of their traded value. This slide of trading toward the U.S. market is a huge challenge for Canadian policy makers, while the efforts to compete with the U.S. market seem to be having only limited effects. We analyze the implications of this situation for policy makers in Asia-Pacific, where several markets and financial centers are attempting to emerge.
Number of Pages in PDF File: 38 Keywords: securities exchange, competition, cross-listed securities JEL Classification: G12, G18, F36 working papers seriesDate posted: December 6, 2007Suggested CitationContact Information
|
|
|||||||||||||||||||||||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo7 in 0.328 seconds
