Ferris, Stephen P; Kumar, Raman; Wolfe, Glenn A - In: The Financial Review 27 (1992) 1, pp. 1-34
This study evaluates the effect of SEC-ordered suspensions on securities' returns, volatility, and trading volume during 1963-87. It is found that there is a permanent devaluation of these securities during the suspension. This result, however, is sensitive to the announced reason for the...