Please use this identifier to cite or link to this item: https://doi.org/10.1080/09603100210017351
Title: Voluntary trading suspensions in Singapore
Authors: Tan, R.S.K. 
Yeo, W.Y. 
Issue Date: 2003
Source: Tan, R.S.K.,Yeo, W.Y. (2003). Voluntary trading suspensions in Singapore. Applied Financial Economics 13 (7) : 517-523. ScholarBank@NUS Repository. https://doi.org/10.1080/09603100210017351
Abstract: This paper successfully subgroups firm-initiated suspensions into 'favourable news' and 'unfavourable news' suspensions. The 'favourable news' group experiences significantly positive abnormal returns around the event date. The 'unfavourable news' group, on the other hand, suffers a prolonged decline. The high trading volumes in the pre- and the post-suspension periods suggest that firm-initiated suspensions on the Singapore Exchange involve the release of new sensitive information. Firm-initiated trading suspensions are also accompanied by increases in post-suspension return volatility.
Source Title: Applied Financial Economics
URI: http://scholarbank.nus.edu.sg/handle/10635/44508
ISSN: 09603107
DOI: 10.1080/09603100210017351
Appears in Collections:Staff Publications

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