Trading Mechanism and Investor Reaction: An Empirical Examination of the French Market

Francisca Beer and Genevieve Nouyrigat ()
Additional contact information
Genevieve Nouyrigat: CERAG - Centre d'études et de recherches appliquées à la gestion - UPMF - Université Pierre Mendès France - Grenoble 2 - CNRS - Centre National de la Recherche Scientifique

Post-Print from HAL

Abstract: This paper adds to the debate over market structure and liquidity by investigating a new database within a segment of the French market. As with numerous European markets, the French market is characterized by significant liquidity problems. To remedy the situation, French market authorities have, among other things, introduced market makers for thinly traded companies. The desired effect of the introduction of market makers is to increase liquidity and reduce transaction costs. Accordingly, the announcement that market makers will be introduced should convey optimistic information and be accompanied by a positive reaction from French investors.

Keywords: Market; Structure; Liquidity; French; Market; Market; Makers; Event; Study; Market; Model (search for similar items in EconPapers)
Date: 2014
Note: View the original document on HAL open archive server: https://hal.science/hal-04537999v1
References: Add references at CitEc
Citations:

Published in Latin American Business Review, 2014, 70-77

Downloads: (external link)
https://hal.science/hal-04537999v1/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04537999

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().