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|Title:||Voluntary trading suspensions in Singapore|
|Authors:||Tan, R.S.K. |
|Citation:||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|
|Appears in Collections:||Staff Publications|
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