Taking Stock in Stock Markets: The Changing Governance of Exchanges

38 Pages Posted: 14 Oct 2003

See all articles by Maureen O'Hara

Maureen O'Hara

Cornell University - Samuel Curtis Johnson Graduate School of Management

Alfredo M. Mendiola

affiliation not provided to SSRN

Date Written: August 2003

Abstract

In this paper we analyze the demutualization of exchanges. Over the last 5 years nineteen stock markets had privatized, and consequently changed their governance structure. The most important finding is that exchange privatizations appear to be value-enhancing changes.

Suggested Citation

O'Hara, Maureen and Mendiola, Alfredo M., Taking Stock in Stock Markets: The Changing Governance of Exchanges (August 2003). Available at SSRN: https://ssrn.com/abstract=431580 or http://dx.doi.org/10.2139/ssrn.431580

Maureen O'Hara

Cornell University - Samuel Curtis Johnson Graduate School of Management ( email )

Ithaca, NY 14853
United States
607-255-3645 (Phone)
607-255-5993 (Fax)

Alfredo M. Mendiola (Contact Author)

affiliation not provided to SSRN

No Address Available

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