Incidencia de la admisión a cotización de las nuevas acciones con diferencias de derechos económicos sobre la liquidez y actividad negociadora de las acciones en circulación

Autor: Acedo Ramírez, Miguel AngelRuiz Cabestre, Francisco Javier

Tipo de documento: Capítulo de libro

Libro: University, Society and Global Markets

Año: 2008  Páginas: 125-139

Texto completo open access 

Resumen: In this paper we analyse the influence of new shares listing with differing entitlement on the Liquidity and Trading Activity of Stocks Outstanding in the Spanish Stock Exchange. Our empirical evidence suggests that the admission to listing and the existence of a new shares market does not have significant consequences on the liquidity and trading activity of the old shares market in spite of the integration between both markets.