The Effect of Investor Sentiment toward an Exchange Merger on Liquidity

The Effect of Investor Sentiment toward an Exchange Merger on Liquidity

<p>This study investigates the relationships among an exchange merger, investor sentiment, and liquidity by analyzing data from the 2013 merger of the Tokyo Stock Exchange and Osaka Securities Exchange. In contrast to prior studies, this study considers the investor sentiment effect of the merg...

Full description

Bibliographic Details
Main Author: Takanori Hisada
Format: Article
Language:English
Published: EconJournals 2018-03-01
Series:International Journal of Economics and Financial Issues
Online Access:https://www.econjournals.com/index.php/ijefi/article/view/6167
id doaj-933d3cece7e64ab8a5dcca0bd6684802
record_format Article
spelling doaj-933d3cece7e64ab8a5dcca0bd66848022020-11-25T01:45:14ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382018-03-01823153183216The Effect of Investor Sentiment toward an Exchange Merger on LiquidityTakanori Hisada<p>This study investigates the relationships among an exchange merger, investor sentiment, and liquidity by analyzing data from the 2013 merger of the Tokyo Stock Exchange and Osaka Securities Exchange. In contrast to prior studies, this study considers the investor sentiment effect of the merger. Synergy and the investor sentiment effect occur in the short run with liquidity increases. The investor sentiment effect occurs more strongly in small stocks.</p><p><strong>Keywords:</strong> Investor sentiment, Exchange merger, Liquidity</p><p><strong>JEL Classifications</strong>: G40, G10, G19</p>https://www.econjournals.com/index.php/ijefi/article/view/6167
collection DOAJ
language English
format Article
sources DOAJ
author Takanori Hisada
spellingShingle Takanori Hisada
The Effect of Investor Sentiment toward an Exchange Merger on Liquidity
International Journal of Economics and Financial Issues
author_facet Takanori Hisada
author_sort Takanori Hisada
title The Effect of Investor Sentiment toward an Exchange Merger on Liquidity
title_short The Effect of Investor Sentiment toward an Exchange Merger on Liquidity
title_full The Effect of Investor Sentiment toward an Exchange Merger on Liquidity
title_fullStr The Effect of Investor Sentiment toward an Exchange Merger on Liquidity
title_full_unstemmed The Effect of Investor Sentiment toward an Exchange Merger on Liquidity
title_sort effect of investor sentiment toward an exchange merger on liquidity
publisher EconJournals
series International Journal of Economics and Financial Issues
issn 2146-4138
publishDate 2018-03-01
description <p>This study investigates the relationships among an exchange merger, investor sentiment, and liquidity by analyzing data from the 2013 merger of the Tokyo Stock Exchange and Osaka Securities Exchange. In contrast to prior studies, this study considers the investor sentiment effect of the merger. Synergy and the investor sentiment effect occur in the short run with liquidity increases. The investor sentiment effect occurs more strongly in small stocks.</p><p><strong>Keywords:</strong> Investor sentiment, Exchange merger, Liquidity</p><p><strong>JEL Classifications</strong>: G40, G10, G19</p>
url https://www.econjournals.com/index.php/ijefi/article/view/6167
work_keys_str_mv AT takanorihisada theeffectofinvestorsentimenttowardanexchangemergeronliquidity
AT takanorihisada effectofinvestorsentimenttowardanexchangemergeronliquidity
_version_ 1725024258441084928

Similar Items