How institutional development news moves an emerging market

Major moves in Colombia’s stock market in the 2000s correspond to major news of progress or setbacks in rebuilding the country’s institutions, shattered by widespread guerrilla insurgencies in the 1990s. This contrasts with prior work reporting no news on major market moves in the US, a country with...

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Autores:
Guzmán Vásquez, Alexander
Mehrotra, Vikas
Morck, Randall
Trujillo Dávila , María Andrea
Tipo de recurso:
Article of investigation
Fecha de publicación:
2020
Institución:
Colegio de Estudios Superiores de Administración
Repositorio:
Repositorio CESA
Idioma:
eng
OAI Identifier:
oai:repository.cesa.edu.co:10726/5081
Acceso en línea:
http://hdl.handle.net/10726/5081
https://doi.org/10.1016/j.jbusres.2019.10.009
Palabra clave:
Market efficiency
Noise trading
Institutions
Economic development
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