TY  - JOUR
T1  - Relative Performance of Trading Halts and Price Limits: Evidence from the Spanish Stock Exchange
JF  - International Review of Economics and Finance
Y1  - 2008
A1  - Kim,Yong H.
A1  - Yague,Jose
A1  - Yang,Jimmy
KW  - Finance
AB  - We study the relative performance of trading halts and price limits using data from the Spanish Stock Exchange where both mechanisms have coexisted. According to our evidence, trading activity increases after either mechanism is triggered. Volatility stays the same after trading halts but increases after price limit hits. Our evidence also shows that the bid–ask spread is narrower after trading halts but wider after price limit hits. Information is efficiently reflected in stock prices once trading resumes after trading halts, but there is evidence of market overreaction for upper price limits. Our overall result may have important policy implications for financial markets in the world.
VL  - 17
CP  - 2
U2  - a
U4  - 649914368
ID  - 649914368
ER  - 

TY  - HEAR
T1  - The relative performance between price limits and trading halts: Spanish evidence
Y1  - 2003
A1  - Yang,Jimmy
A1  - Kim,Yong  H.
A1  - Yague,Jose
KW  - Finance
JA  - Financial Management Association Annual Meeting
CY  - Denver CO
U2  - c
U4  - 649922560
ID  - 649922560
ER  - 

TY  - HEAR
T1  - The relative performance between price limits and trading halts: Spanish evidence
Y1  - 2003
A1  - Yang,Jimmy
A1  - Kim ,Yong  H.
A1  - Yague,Jose
KW  - Finance
JA  - Seminar at the Â鶹´«Ã½¸ßÇå
CY  - Corvallis, OR
U2  - c
U4  - 649924608
ID  - 649924608
ER  - 

TY  - HEAR
T1  - The relative performance between price limits and trading halts: Spanish evidence
Y1  - 2002
A1  - Yang,Jimmy
A1  - Kim,Yong  H.
A1  - Yague,Jose
KW  - Finance
JA  - Finance workshop at the University of Cincinnati
U2  - c
U4  - 649932800
ID  - 649932800
ER  -