{"title":"股份化对证券交易所的溢出效应:一个区域比较","authors":"Abdul Wahid, Kamran Azam, Iftikhar Hussain Adil, Syed Asghar Abass Naqvi","doi":"10.22555/PBR.V19I4.1872","DOIUrl":null,"url":null,"abstract":"Demutualization is the process whereby a shareholder enjoys proprietary rights and it is well taken wherever it has been practiced. This study empirically investigates the impact of demutualization on stock market growth. A stratified sample of thirteen stock exchanges comprising five stock exchanges from Asian, five from European, and three from American region were analyzed. Results indicated strategic change in stock exchanges in Asian and European region appears to be more fruitful than American in terms of financial performance, but American stock exchanges seem to be more progressive in terms of stock market performance than Asian and European stock exchanges.","PeriodicalId":255789,"journal":{"name":"Pakistan Business Review","volume":"19 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2018-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"SPILLOVER EFFECTS OF DEMUTUALIZATION ON STOCK EXCHANGES: A REGIONAL COMPARISON\",\"authors\":\"Abdul Wahid, Kamran Azam, Iftikhar Hussain Adil, Syed Asghar Abass Naqvi\",\"doi\":\"10.22555/PBR.V19I4.1872\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Demutualization is the process whereby a shareholder enjoys proprietary rights and it is well taken wherever it has been practiced. This study empirically investigates the impact of demutualization on stock market growth. A stratified sample of thirteen stock exchanges comprising five stock exchanges from Asian, five from European, and three from American region were analyzed. Results indicated strategic change in stock exchanges in Asian and European region appears to be more fruitful than American in terms of financial performance, but American stock exchanges seem to be more progressive in terms of stock market performance than Asian and European stock exchanges.\",\"PeriodicalId\":255789,\"journal\":{\"name\":\"Pakistan Business Review\",\"volume\":\"19 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2018-01-10\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Pakistan Business Review\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.22555/PBR.V19I4.1872\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Pakistan Business Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.22555/PBR.V19I4.1872","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
SPILLOVER EFFECTS OF DEMUTUALIZATION ON STOCK EXCHANGES: A REGIONAL COMPARISON
Demutualization is the process whereby a shareholder enjoys proprietary rights and it is well taken wherever it has been practiced. This study empirically investigates the impact of demutualization on stock market growth. A stratified sample of thirteen stock exchanges comprising five stock exchanges from Asian, five from European, and three from American region were analyzed. Results indicated strategic change in stock exchanges in Asian and European region appears to be more fruitful than American in terms of financial performance, but American stock exchanges seem to be more progressive in terms of stock market performance than Asian and European stock exchanges.
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