The Economics of Demutualization : An Empirical Analysis of the Securities Exchange Industry /
By: Treptow, Felix [author.].
Contributor(s): SpringerLink (Online service).
Material type:
BookPublisher: Wiesbaden : DUV, 2006.Description: XIV, 113 p. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783835093119.Subject(s): Finance | Finance | Finance, generalDDC classification: 332 Online resources: Click here to access online | Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
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E books
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PK Kelkar Library, IIT Kanpur | Available | EBK5815 |
Stock Exchanges and Issuers: A Changing Relationship -- The Determinants of Demutualization -- The Impact of Demutualization.
The securities exchange industry is in a state of flux. Exchanges constantly develop new revenue sources and products, try to expand their market share through fierce competition and pursue the consolidation of the industry. A prerequisite for this development was their transformation into market-oriented for-profit entities that are dominated by outside investors. This process is commonly referred to as demutualization. In order to understand the current developments in the securities exchange industry, Felix Treptow examines the changing relationship between exchanges and issuers, analyses the micro- and macroeconomic drivers of the demutualization decision, and investigates its impact on market liquidity. He presents a detailed analysis of both the determinants as well as the consequences of the demutualization of securities exchanges.
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