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Advisor(s)
Abstract(s)
Este estudo tem como objectivo caracterizar o tipo de empresas que estando
admitidas e cotadas em bolsa, apresentam baixos níveis de volume de
transação.
A literatura que se foca nos mercados de capitais de forma recorrente utiliza
o mercado como um todo ou analisa apenas as maiores empresas (normalmente
as incluídas nos índices de referência, por exemplo FTSE 100), mas pouca ou
nenhuma atenção é dada ao facto de que um número considerável de empresas
cotadas não transacciona.
O nosso estudo pretende ser exploratório na tentativa de caracterizar estas
empresas que estrategicamente optam por estar cotadas incorrendo em levados
custos e em acrescidas obrigações legais, sendo que para tal analisaremos as
empresas cotadas na London Stock Exchange.
This study aims to identify what kind of firms are listed on stock exchange market with a very low volume traded. The literature that focused on financial markets uses the market as a whole or only highlight the largest firms (namely the firms listed in most important indexes, for instance FTSE 100), but no such relevant study are focused on listed companies with zero volume traded. Our study aims to be exploratory, trying to characterize these firms that strategically choose to be listed incurring in huge costs and under exigent regulatory compliance. Our analysis scope is London Stock Exchange listed firms.
This study aims to identify what kind of firms are listed on stock exchange market with a very low volume traded. The literature that focused on financial markets uses the market as a whole or only highlight the largest firms (namely the firms listed in most important indexes, for instance FTSE 100), but no such relevant study are focused on listed companies with zero volume traded. Our study aims to be exploratory, trying to characterize these firms that strategically choose to be listed incurring in huge costs and under exigent regulatory compliance. Our analysis scope is London Stock Exchange listed firms.
Description
Keywords
Mercado de capitais Admissão à negociação em bolsa Volume transacionado Transação nula Stock market Listing Volume traded