Daily Archives: February 20, 2008

A new era in global stock exchanges

My article on the IPO of the New York Stock Exchange co-authored with economist Jennifer Kuan of the Stanford Institute for Economic Policy Research has now appeared as a chapter in an edited collection called Global Stock Exchanges: The Dawn of a New Era, published the Icfai University Press in Hyderabad, India. We argue in the paper that the IPO may break down the institutional mechanisms at the Exchange that help guarantee accurate information flow from issuing firms to investors.

Dawn of a new era