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Full Description
This book is an economic analysis of the stock exchange industry. The authors draw on theories from micro- and industrial economics to provide a detailed analysis of the industry structure, the strategic behaviour of key participants and the performance of stock exchanges.
Contents
1. Securities Industry and Exchange Industry: Organization and Value Chain 2. The Exchange Industry: An Overview 3. Securities Industry Regulation: Implications for Exchanges' Performances 4. The Governance of Securities Exchanges: New Insights 5. The Economics of Exchanges 6. A Risk-Adjusted Model for Performance Measurement 7. The Economics of the Exchange Industry: An Empirical Overview