Taking Stock in Stock Markets: The Changing Governance of Exchanges
38 Pages Posted: 14 Oct 2003
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: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Demutualization and Public Offerings of Financial Exchanges
By Reena Aggarwal and Sandeep Dahiya