The Economics of Demutualization: An Empirical Analysis of the Securities Exchange Industry by Felix TreptowThe Economics of Demutualization: An Empirical Analysis of the Securities Exchange Industry by Felix Treptow

The Economics of Demutualization: An Empirical Analysis of the Securities Exchange Industry

byFelix TreptowForeword byProf. Dietmar Harhoff, Ph.D.

Paperback | July 26, 2006

Pricing and Purchase Info

$121.18 online 
$128.95 list price save 6%
Earn 606 plum® points

Prices and offers may vary in store

Quantity:

In stock online

Ships free on orders over $25

Not available in stores

about

Whenever an economic institution is being transformed, researchers have an unusual opportunity to study causes and effects of the transformation and to test the economic theory related to the institution itself. Over the course of the last decade the global securities exchange industry has undergone such a tremendous change. Stock exchanges have demutualized and have turned into for-profit entities. Securities exchanges play a crucial role in modern market economies. They provide market participants with financial instruments of all sorts, serve as mechanism for price discovery and are an important source for external financing. Despite their important role, research covering the demutualization of stock exchanges has been sparse. Felix Treptow seeks to fill this gap in the literature and presents in this book an in depth analysis of the demutualization phenomenon. In his thesis, he applies advanced econometric methods to data sets which were assem­ bled specifically for the purpose of his analysis. Each of the three self-contained chapters of this volume addresses different issues which are of importance to the various stake­ holders in this process. The analysis covers the micro- and macroeconomic causes of demutualization, its impact on market liquidity and the changing relationship between exchanges and issuers.
Dr. Felix Treptow ist wissenschaftlicher Assistent von Prof. Dietmar Harhoff, Ph. D., am Institut für Innovationsforschung, Technologiemanagement und Entrepreneurship der Universität München.
Loading
Title:The Economics of Demutualization: An Empirical Analysis of the Securities Exchange IndustryFormat:PaperbackDimensions:125 pagesPublished:July 26, 2006Publisher:Deutscher UniversitätsverlagLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3835004697

ISBN - 13:9783835004696

Reviews

Table of Contents

Stock exchange and issuers: A changing relationshipDeterminants of demutualizationImpact of demutualizationDemutualization and competition between stock exchanges