The efficiency of trading halts: emerging market evidence

The efficiency of trading halts: emerging market evidence

This paper reports new findings on the price effect from trading halts - both voluntary and mandatory - over 2000-2004 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 i...

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Main Authors: Bacha, Obiyathulla Ismath, A. Rashid, Mohamed Eskandar S, Ramlee, Roslily
Format: Article
Language:English
Published: Universiti Utara Malaysia Pres 2008
Subjects:
HG4501 Stocks, investment, speculation
Online Access:http://irep.iium.edu.my/74219/
http://irep.iium.edu.my/74219/
http://irep.iium.edu.my/74219/13/74219%20The%20efficiency%20of%20trading%20halts.pdf
id iium-74219
recordtype eprints
spelling iium-742192019-09-17T02:13:04Z http://irep.iium.edu.my/74219/ The efficiency of trading halts: emerging market evidence Bacha, Obiyathulla Ismath A. Rashid, Mohamed Eskandar S Ramlee, Roslily HG4501 Stocks, investment, speculation This paper reports new findings on the price effect from trading halts - both voluntary and mandatory - over 2000-2004 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 Universiti Utara Malaysia Pres 2008 Article PeerReviewed application/pdf en http://irep.iium.edu.my/74219/13/74219%20The%20efficiency%20of%20trading%20halts.pdf Bacha, Obiyathulla Ismath and A. Rashid, Mohamed Eskandar S and Ramlee, Roslily (2008) The efficiency of trading halts: emerging market evidence. The International Journal of Banking and Finance, 5 (2). pp. 125-148. ISSN 1675-7227 E-ISSN 2590-423X http://ijbf.uum.edu.my/images/ijbfvol5no22008/7-THE-EFFICIENCY-OF-TRADING.pdf
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG4501 Stocks, investment, speculation
spellingShingle HG4501 Stocks, investment, speculation
Bacha, Obiyathulla Ismath
A. Rashid, Mohamed Eskandar S
Ramlee, Roslily
The efficiency of trading halts: emerging market evidence
description This paper reports new findings on the price effect from trading halts - both voluntary and mandatory - over 2000-2004 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
format Article
author Bacha, Obiyathulla Ismath
A. Rashid, Mohamed Eskandar S
Ramlee, Roslily
author_facet Bacha, Obiyathulla Ismath
A. Rashid, Mohamed Eskandar S
Ramlee, Roslily
author_sort Bacha, Obiyathulla Ismath
title The efficiency of trading halts: emerging market evidence
title_short The efficiency of trading halts: emerging market evidence
title_full The efficiency of trading halts: emerging market evidence
title_fullStr The efficiency of trading halts: emerging market evidence
title_full_unstemmed The efficiency of trading halts: emerging market evidence
title_sort efficiency of trading halts: emerging market evidence
publisher Universiti Utara Malaysia Pres
publishDate 2008
url http://irep.iium.edu.my/74219/
http://irep.iium.edu.my/74219/
http://irep.iium.edu.my/74219/13/74219%20The%20efficiency%20of%20trading%20halts.pdf
first_indexed 2023-09-18T21:45:08Z
last_indexed 2023-09-18T21:45:08Z
_version_ 1777413399566614528

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