Handbook of Research on Stock Market Globalization

Inbunden, Engelska, 2012

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The stock market globalization process has produced historic changes in the structure of stock markets, the effects of which are evident throughout the world. Despite these transformations, there are relatively few sources examining the connections between the globalization process currently under way and previous periods of stock market globalization. This seminal volume fills that gap. The chapters in the first section examine previous globalization periods through the lens of the corporate economy, valuing equities and managed funds. Further chapters address current issues such as the social closure of the exchange, demutualization and mergers and acquisitions as well as cross-listing and liquidity. The final chapters consider the regulatory challenges posed by stock market globalization. These include the pressures on regulators from rent-seeking stock market participants, the demise of exchange trading floors and Latin America's stock market.Timely, multi-disciplinary and practical, this informative Handbook will be an essential reference for students and scholars of economics, finance and accounting, finance professionals and security market regulators. Contributors include: Y. Cassis, A. de la Torre, M. Geranio, I. Hasan, D.J. Harty, E. Hutson, J. Markham, R. Michie, G. Poitras, A. Preda, J. Rutterford, S. Schmukler, H. Schmiedel, L. Song, G. Zanotti

Produktinformation

Utgivningsdatum2012-01-31
Mått169 x 244 x undefined mm
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781847207562

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Contents:Prologue: Events from February to July 2011Introduction: Stock Market Globalization, Past and PresentGeoffrey PoitrasPART I: HISTORICAL PERSPECTIVES ON STOCK MARKET GLOBALIZATION1. Capitals of CapitalYoussef Cassis2. The Stock Market and the Corporate Economy: A Historical OverviewRanald Michie3. From the Renaissance Exchanges to Cyberspace: A History of Stock Market GlobalizationGeoffrey Poitras4. Valuing Equities in the UK and the US: Fashions and TrendsJanette Rutterford5. The Evolution of the Managed Funds Industry: Investment Trusts in Nineteenth-century BritainElaine HutsonPART II: STUDIES OF CURRENT STOCK MARKET GLOBALIZATION6. The Social Closure of the Stock ExchangeAlexandru Preda7. Demutualization and the Globalization of Stock MarketsGiovanna Zanotti8. How Stock Exchange Mergers and Acquisitions Affect Competitors’ Shareholder Value: Global EvidenceIftekhar Hasan, Heiko Schmiedel and Liang Song9. Cross-listing and the Evolution of Global Stock Market LiquidityManuela GeranioPART III: EVALUATING STOCK MARKET GLOBALIZATION10. Latin American Stock Markets: Recent History and ProspectsAugusto de la Torre and Sergio L. Schmukler 11. What Happened on 6 May 2010? Anatomy of the Flash CrashGeoffrey Poitras12. The Impact of Electronic Communication Networks on Exchange Trading Floors and Derivatives RegulationJerry W. Markham and Daniel J. HartyIndex