Voluntary Trading Suspensions and Media Coverage on the LSE
The study examines voluntary suspensions and subsequent relistings on the London Stock Exchange. The results show that voluntary suspensions produce an abnormal return series very similar in pattern to the exchange-initiated suspensions observed elsewhere. The paper then examines the role of media coverage on price movements around the suspension. In the pre-suspension period the quantity of news is positively associated with abnormal returns. Subsequent to relisting, the impact of media...[Show more]
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