| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Privatization and Stock Market Liquidity | |
| Bernardo Bortolotti; Frank De Jong; Giovanna Nicodano; Ibolya Schindele | |
| 发表日期 | 2002 |
| 出处 | Economy and Society |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Share issue privatization - i.e. privatization on public equity markets - is often claimed to foster stock market development. In this paper, we provide an empirical assessment of this claim, testing the role of privatization on two market liquidity measures in a panel with monthly data of 19 developed economies. Privatization is shown to be key in improving domestic stock market liquidity, controlling for other economic, financial and institutional determinants. Results do not appear to be driven by reverse causality or non-stationarity of the data. |
| 特色分类 | L33,G14 |
| 关键词 | Privatization,Financial Market Development |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/privatization-and-stock-market-liquidity/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116817 |
| 推荐引用方式 GB/T 7714 | Bernardo Bortolotti,Frank De Jong,Giovanna Nicodano,et al. Privatization and Stock Market Liquidity. 2002. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2002-105.pdf（564KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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