Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 37 for “"London Stock Exchange"”.
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Founders Without Limits: Dual-Class Stock and the Premium-Tier of the London Stock Exchange
… recently seen a surge in the use of ‘dual-class stock’ or ‘weighted voting rights’ (WVR) by publicly-listed companies in the technology sphere. Google, Facebook and Snap, amongst others, have adopted WVR-structure where the founders own unlisted shares to which enhanced voting rights are …
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Style anomalies on the London Stock Exchange : an analysis of univariate, multivariate and timing strategies
… are highly efficient. The presence of anomalous stock market behaviour has therefore attracted a great amount of research internationally. This thesis investigates the presence and exploitability of style anomalies on the London Stock Exchange (LSE) and is divided into three main branches of …
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The Impact of Debt Financing on the Financial Performance of Airline Companies Listed on the London Stock Exchange
… analysis on secondary financial data from four London Stock Exchange, listed airlines, International Airlines Group (IAG), EasyJet, Wizz Air, and Jet2, to examine the effect of debt ratio and debt-to-equity ratio on current ratio, return on assets (ROA), and return on equity (ROE). Results: The …
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Systematic Liquidity Risk and Stock Price Reaction to Large One-Day Price Changes: Evidence from London Stock Exchange.
… systematic liquidity risk and short-term stock price reaction to large one-day price changes. We study 642 constituents of the FTSALL share index over the period from 1st July 1992 to 29th June 2007. We show that the US evidence of a priced systematic liquidity risk of Pastor and Stambaugh …
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Market efficiency, volatility behaviour and asset pricing analysis of the oil & gas companies quoted on the London Stock Exchange.
… of the oil and gas companies quoted on the London Stock Exchange with the aim of providing fresh evidence on the pricing dynamics in this sector. In market efficiency analysis, efficient market hypothesis (EMH) and random walk hypothesis were tested using a mix of statistical tools such as …
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The analysis of stock returns in the London Stock Exchange in the context of the cyclical adjusted price to earnings ratio signals.
… highlighted by the CAPE ratio. The behaviour of stock returns in the light of different asset pricing models is evaluated and compared in different subsamples classified as under priced, fairly priced and overpriced markets. The two main models used in this analysis are the Capital Asset Pricing …
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Examining Relationships between Online Financial Message Board Interactions and Trading Activity of Securities Listed on the AIM Submarket of the London Stock Exchange
Contribution to online communities, such as stock message boards, may be considered as “paradoxical” (Rafaeli and LaRose, 1993), in that a “free-riding tendency” (Olson 1985) by rational participants would result in a lack of original content. However, online financial message boards continue to …
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Topics in Market Microstructure
… a financial transaction tax (FTT) of 0.1% on all stock transactions. A simulation of pure electronic limit order book (E-LOB) finds support to implement FTT. Particularly, traders are found to trade more aggressively by increasing the volume traded to remain in a profitable position after tax. The …
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The price differential between identical assets trading in different markets : a case study of Mondi Holdings
… using Mondi Holdings (the PLC listed on the London Stock Exchange and the LTD listed on the Johannesburg Stock Exchange) as a case study. The study documents the existence of substantial mispricing between the Mondi twins, with the LTD trading at an average premium of 9% over the sample …
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The impact of international cross-listing on the cost of capital
… to an increase in the liquidity of a firm's stock, and reduces international market segmentation. The objective of this study is to examine whether an international listing on the London Stock Exchange, NASDAQ, and the New York Stock Exchange (NYSE) has an impact on the cost of capital of …
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The challenge for liquidity in small stock exchanges and trading portals : the case of the Belgian Stock Exchange
… industry has provided evidence that small exchanges and trading portals need to deliver more than sophisticated technology, streaming quotes and market data. In order to deliver value and survive, they need to provide liquidity. Noteworthy among the most recent industry challenges is the …
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Tax planning and corporate governance: effects on shareholders’ valuation
… of firms examined consists of non-financial London Stock Exchange-listed companies from 2005 to 2007. The results indicate a negative relationship between firm value and tax planning activities which is unconditional upon corporate governance conditions for both persistent and non-persistent …
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Industry concentration and stock returns: evidence from publicly listed firms in the U.K
… between market structure and average stock returns in the London Stock Exchange during 1985 and 2010. Using Multifactor asset pricing theory, I test whether industry concentration is a new asset pricing factor in addition to conventional risk factors such as beta, size, book-to-market …
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An analysis of technical trading strategies
… analysis is based mainly on a sample of stocks drawn from the London Stock Exchange, (LSE), portfolios constructed from three US markets; the New York Stock Exchange, (NYSE), the American Stock Exchange, (ASE), and the National Association of Securities Dealers Automated Quotation market, …
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Effects of foreign exchange listing on the returns of South African companies
… of companies that seek dual listing in foreign stock markets. The number of foreign companies that are listed in the United States alone are above 3000. Companies seek foreign exchange listing for a number of reasons including the access to foreign capital, visibility in the foreign markets and …
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A Theory for Market Impact: How Order Flow Affects Stock Price
It is known that the impact of transactions on stock price (market impact) is a concave function of the size of the order, but there exists little quantitative theory that suggests why this is so. I develop a quantitative theory for the market impact of hidden orders (orders that reflect the true …
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Testing adaptive market efficiency under the assumption of stochastic volatility
… efficiency of four markets - two developed (London Stock Exchange and New York Stock Exchange), a mature developing (Johannesburg Stock Exchange) and an immature developing (Nairobi Stock Exchange). The best-performing tests were selected for each market and it was observed that there were …
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Corporate governance, professionalisation and performance of IPO firms. The role of founders and venture capitalists.
… entrepreneurial IPOs that floated either on the London Stock Exchange¿s Official List or the Alternative Investment Market (AIM). Extending previous research this thesis employs more fine-grained measures and introduces new conceptually relevant variables in the analysis. The findings indicate …
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SPILLOVER EFFECT OF DISCLOSURE REGULATION: EVIDENCE FROM AUDIT REPORT CHANGES IN THE U.K
… (i.e., Premium companies listed on the London Stock Exchange (LSE)), to firms not subject to it (i.e., those listed on the Alternative Investment Market (AIM) of the LSE). The new regulation requires increased disclosures in three areas: audit risks, materiality and the scope of the …
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The nature, causes and consequences of financial analysts’ forecasts in the UK
… consequences of financial analysts’ forecasts in London Stock Exchange. The first empirical chapter examines the rationality and accuracy of financial analysts’ forecasts. Results show that analyst forecasts are overall optimistic, but not as extreme as the literature suggests. However, analysts …
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