The Impact of Regulation on European Equities Markets
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Beschreibung
This study investigates the impact of regulation on European equities markets from different perspectives and by using various methodologies. Four research questions aim to shed light on how regulatory objectives impact on securities trading and post-trading. While the a priori perspective hints at the danger of imminent order flow fragmentation and potential negative effects of competition induced by regulation, we find empirical evidence for the legislators' success in fostering competition between European equities markets. Moreover, we introduce a new measure for a systematic comparison of market quality other than the long-established liquidity measures.
Autor*in
Michael Chlistalla
Themen in »The Impact of Regulation on European Equities Markets«
Finanzmarktregulierung Marktmikrostruktur Finanzen Wirtschaftsinformatik Market microstructure European Equity Markets Regulierung Europäische Wertpapiermärkte