From Complementary to Competitive: The London and UK Provincial Stock Markets
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https://www.icpsr.umich.edu/sites/jeh/view/studies/112281
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资源简介：
This is the replication package for the article on 'From Complementary to Competitive: The London and UK Provincial Stock Markets'<br><br>For many decades there were stock exchanges operating in provincial
cities across Britain. We analyze why companies listed on these markets, and
how this changed over time. We find that the provincial exchanges had traditionally
been complementary to London, providing a trading venue for smaller regional
companies. However, they gradually lost their uniqueness, and were increasingly
competing with London by listing similar stocks. Much of this change can be
explained by shifts in industrial composition leading to more companies being
headquartered and listed in the capital, and many of the remaining regional
firms cross-listing in London to achieve certification.
提供机构：
ICPSR - Interuniversity Consortium for Political and Social Research
创建时间：
2019-10-10
