This paper investigates the effect of order placement by retail and institutional traders on transient share price volatility on the Australian Stock Exchange (ASX). Using Vector Auto-Regressive models, we find retail traders are attracted to volatile markets but their trading does not increase...

This paper examines the decision of private firms to go public through two alternative routes – IPO vs. backdoor listing (BDL). The latter involves a sequence of structured inter-company events by which a private firm achieves a listing status by undertaking a reverse takeover of a...