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The efficiency of trading halts: emerging market evidence

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dc.contributor.authorMohamed Eskandar Shah Mohd Rasid
dc.contributor.authorRoslily Ramlee
dc.contributor.authorObiyathulla Ismath Bacha
dc.date.accessioned2016-08-01T10:33:50Z
dc.date.available2016-08-01T10:33:50Z
dc.date.disclosure2016-07-22
dc.date.issued2008
dc.description.abstractThis paper reports new findings on the price effect from trading halts - both voluntary and mandatory - over 2000-04 in an emerging share market, Malaysia. Based on our overall sample, trading halts lead to positive price reaction, increased volume, and increased volatility. We found evidence of information leakage resulting in a significant difference between voluntary and mandatory halts as well as the type of news released during halts to warrant such an impact. The duration of the halt has an isolated impact and is largely inconsequential. The frequency of halts does not seem to matter.
dc.identifier.citationBacha, O. I., Mohd Rasid, M. E. S., & Ramlee, R. (2008). The efficiency of trading halts: emerging market evidence. International Journal of Banking and Finance, 5(2), pp.125-148.
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/1757
dc.languageEnglish
dc.language.isoeng
dc.publisherBond University
dc.rights2008. Bond University
dc.sourceCRP
dc.subjectTrading halts
dc.subjectPrice
dc.subjectEfficiency
dc.subjectMalaysia
dc.titleThe efficiency of trading halts: emerging market evidence
dc.typeJournal Article
dlc.maintopicConventional finance
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional finance
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