We test the hypothesis that a market maker in New York faces a more competitive market for cross-listed European firms trading simultaneously in their home market during overlapping trading hours as compared to U.S. firms which trade mainly in New York. A theoretical model of the bid-ask spread...

Following the methodology used by Meshke (2002), we investigate the information content of the media event of ringing the trading bell at the NYSE. Using a sample of 152 firms which had been invited to ring the opening and the closing bell at the NYSE in the year 2004, we fit a standard market...