Journal of Financial and Quantitative Analysis Vol. 21 No. 3 1986
SEC Trading Suspensions: Empirical Evidence
Abstract
This article explores the price behavior of a sample of corporate securities in which trading was temporarily suspended by the SEC. Suspensions are found to coincide with substantial devaluations of the suspended securities. Further, significant and prolonged negative abnormal returns are observed in the postsuspension period, an apparent violation of semistrong form market efficiency.
- DOI
- 10.2307/2331045
- Volume
- 21
- Issue
- 3
- Pages
- 323
- Sources
- openalex crossref