The efficiency of trading halts: emerging market evidence
This paper reports new findings on the price effect from trading halts - both voluntary and mandatory - over 2000-2004 in an emerging share market, Malaysia. Based on our overall sample, trading halts lead to positive price reaction, increased volume, and increased volatility. We found evidence of i...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia Pres
2008
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/74219/ http://irep.iium.edu.my/74219/13/74219%20The%20efficiency%20of%20trading%20halts.pdf |
| _version_ | 1848787928906465280 |
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| author | Bacha, Obiyathulla Ismath A. Rashid, Mohamed Eskandar S Ramlee, Roslily |
| author_facet | Bacha, Obiyathulla Ismath A. Rashid, Mohamed Eskandar S Ramlee, Roslily |
| author_sort | Bacha, Obiyathulla Ismath |
| building | IIUM Repository |
| collection | Online Access |
| description | This paper reports new findings on the price effect from trading halts - both voluntary and mandatory - over 2000-2004 in an emerging share market, Malaysia. Based on our overall sample, trading halts lead to positive price reaction, increased volume, and increased volatility. We found evidence of information leakage resulting in a significant difference between voluntary and mandatory halts as well as the type of
news released during halts to warrant such an impact. The duration of the halt has an isolated impact and is largely inconsequential. The frequency of halts does not seem to matter |
| first_indexed | 2025-11-14T17:32:44Z |
| format | Article |
| id | iium-74219 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:32:44Z |
| publishDate | 2008 |
| publisher | Universiti Utara Malaysia Pres |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-742192019-09-17T02:13:04Z http://irep.iium.edu.my/74219/ The efficiency of trading halts: emerging market evidence Bacha, Obiyathulla Ismath A. Rashid, Mohamed Eskandar S Ramlee, Roslily HG4501 Stocks, investment, speculation This paper reports new findings on the price effect from trading halts - both voluntary and mandatory - over 2000-2004 in an emerging share market, Malaysia. Based on our overall sample, trading halts lead to positive price reaction, increased volume, and increased volatility. We found evidence of information leakage resulting in a significant difference between voluntary and mandatory halts as well as the type of news released during halts to warrant such an impact. The duration of the halt has an isolated impact and is largely inconsequential. The frequency of halts does not seem to matter Universiti Utara Malaysia Pres 2008 Article PeerReviewed application/pdf en http://irep.iium.edu.my/74219/13/74219%20The%20efficiency%20of%20trading%20halts.pdf Bacha, Obiyathulla Ismath and A. Rashid, Mohamed Eskandar S and Ramlee, Roslily (2008) The efficiency of trading halts: emerging market evidence. The International Journal of Banking and Finance, 5 (2). pp. 125-148. ISSN 1675-7227 E-ISSN 2590-423X http://ijbf.uum.edu.my/images/ijbfvol5no22008/7-THE-EFFICIENCY-OF-TRADING.pdf |
| spellingShingle | HG4501 Stocks, investment, speculation Bacha, Obiyathulla Ismath A. Rashid, Mohamed Eskandar S Ramlee, Roslily The efficiency of trading halts: emerging market evidence |
| title | The efficiency of trading halts: emerging market evidence |
| title_full | The efficiency of trading halts: emerging market evidence |
| title_fullStr | The efficiency of trading halts: emerging market evidence |
| title_full_unstemmed | The efficiency of trading halts: emerging market evidence |
| title_short | The efficiency of trading halts: emerging market evidence |
| title_sort | efficiency of trading halts: emerging market evidence |
| topic | HG4501 Stocks, investment, speculation |
| url | http://irep.iium.edu.my/74219/ http://irep.iium.edu.my/74219/ http://irep.iium.edu.my/74219/13/74219%20The%20efficiency%20of%20trading%20halts.pdf |