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Relationship between volatility and multilisting : evidence from the Finnish stock market

Author

Listed:
  • Aarni Pursiainen

    (Department of Finance, Swedish School of Economics and Business Administration,)

Abstract

The purpose of this paper is to provide an additional insight into the stock price volatility of all Finnish companies that are listed on foreign stock exchanges through studying permanent changes to the stock price volatility brought by trading on many markets. We find that the variances of both restricted and unrestricted stocks are slightly lower during the post-listing period.

Suggested Citation

  • Aarni Pursiainen, 1998. "Relationship between volatility and multilisting : evidence from the Finnish stock market," Finnish Economic Papers, Finnish Economic Association, vol. 11(2), pages 65-85, Autumn.
    • Handle: RePEc:fep:journl:v:11:y:1998:i:2:p:65-85
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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