his.sePublikasjoner
Endre søk
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf
Demutualization of stock exchanges: A case study : London Stock Exchange and Hong Kong Stock Exchange
Högskolan i Skövde, Institutionen för teknik och samhälle.
Högskolan i Skövde, Institutionen för teknik och samhälle.
2009 (engelsk)Independent thesis Advanced level (degree of Master (One Year)), 10 poäng / 15 hpOppgave
Abstract [en]

The focus of this study is to evaluate the impact of corporate ownership structure on the overall performance of stock exchanges. This study distinguishes in particular mutual versus demutualized ownership. London Stock Exchange and Hong Kong Stock Exchange are chosen as study cases, because London Stock Exchange is one of the world leading stock exchanges and Hong Kong Stock Exchange is definitely one of the most important emerging market stock exchanges. That is why the results obtained by comparing these two stock exchanges could serve as good indicator in understanding the effects of demutualization process on the whole stock exchange sector and retain the subtle differences in micro-behavior of the stock exchanges undergone the same transformation.

In this paper the simple descriptive statistics is used as the method of analysis, in association to a profound review of the literature in this area. The data illuminate the fact that demutualized stock exchanges hold a stronger operating performance and a better performance in term of shareholder’s return than mutual exchanges. The result is generally in line with the basic theories in the area of corporate governance and empirical studies in this specific area like Aggarwal (2006), Mendiola and O’Hara (2003) and Hart and Moore (1996).

sted, utgiver, år, opplag, sider
2009. , s. 41
Emneord [en]
stock exchange, demutualization, ratio, performance, mutual, organizational structure, profit.
HSV kategori
Identifikatorer
URN: urn:nbn:se:his:diva-3129OAI: oai:DiVA.org:his-3129DiVA, id: diva2:224076
Presentation
(engelsk)
Uppsök
samhälle/juridik
Veileder
Examiner
Tilgjengelig fra: 2009-06-29 Laget: 2009-06-16 Sist oppdatert: 2009-06-29bibliografisk kontrollert

Open Access i DiVA

fulltekst(935 kB)9331 nedlastinger
Filinformasjon
Fil FULLTEXT01.pdfFilstørrelse 935 kBChecksum SHA-512
58d13a67ece400ed233d408e6c1ca745b9036d7c963c0e49eb7ca21f4fa7d824ad0b03216fe91c228b06f7f6baa02bde9d794d5bbd3f00be8a94b33f856fc631
Type fulltextMimetype application/pdf

Søk i DiVA

Av forfatter/redaktør
Altaf, Saadia
Av organisasjonen

Søk utenfor DiVA

GoogleGoogle Scholar
Totalt: 9331 nedlastinger
Antall nedlastinger er summen av alle nedlastinger av alle fulltekster. Det kan for eksempel være tidligere versjoner som er ikke lenger tilgjengelige

urn-nbn

Altmetric

urn-nbn
Totalt: 2126 treff
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf