Economic consequences of SEC disclosure regulation: evidence from the OTC bulletin board
This paper examines the economic consequences of a regulatory change mandating
OTCBB firms to comply with reporting requirements under the 1934 Securities Exchange …
OTCBB firms to comply with reporting requirements under the 1934 Securities Exchange …
Asset pricing in the dark: The cross-section of OTC stocks
A Ang, AA Shtauber, PC Tetlock - The Review of Financial …, 2013 - academic.oup.com
Abstract Over-the-counter (OTC) stocks are far less liquid, disclose less information, and
exhibit lower institutional holdings than do listed stocks. We exploit these different market …
exhibit lower institutional holdings than do listed stocks. We exploit these different market …
The effects of NASDAQ delisting on firm performance
We empirically investigate the effects of involuntary delisting from the NASDAQ on delisted
firms. To disentangle the delisting effects from other factors, we use NASDAQ market …
firms. To disentangle the delisting effects from other factors, we use NASDAQ market …
On the effects of stock spam e-mails
M Hanke, F Hauser - Journal of Financial markets, 2008 - Elsevier
Over the past few years we have seen a rise in the number of unsolicited e-mails that
recommend buying certain stocks. The senders of these mails claim to have private …
recommend buying certain stocks. The senders of these mails claim to have private …
The twilight zone: OTC regulatory regimes and market quality
U Brüggemann, A Kaul, C Leuz… - The Review of Financial …, 2018 - academic.oup.com
Studying a comprehensive sample of stocks from the US OTC market, we show that this
market is a large and diverse trading environment with a rich set of regulatory and disclosure …
market is a large and diverse trading environment with a rich set of regulatory and disclosure …
The effect of stock spam on financial markets
Spam messages are ubiquitous and extensive interdisciplinary research has tried to come
up with effective countermeasures. However, little is known about the response to …
up with effective countermeasures. However, little is known about the response to …
Off but not gone: a study of Nasdaq delistings
JH Harris, V Panchapagesan… - Fisher College of …, 2008 - papers.ssrn.com
We examine 1,098 Nasdaq firms delisted in 1999-2002 that subsequently traded in the OTC
Bulletin Board and/or the Pink Sheets. Market quality deteriorates significantly after delisting …
Bulletin Board and/or the Pink Sheets. Market quality deteriorates significantly after delisting …
Outcomes of investing in OTC stocks
JT White - US securities & exchange commission DERA white …, 2016 - papers.ssrn.com
This paper analyzes three aspects of over-the-counter (OTC) stocks:(1) the recent trends in
the OTC stock market structure and size;(2) the documented properties of OTC stocks; and …
the OTC stock market structure and size;(2) the documented properties of OTC stocks; and …
The twilight zone: OTC regulatory regimes and market quality
We analyze a comprehensive sample of more than 10,000 US OTC stocks. We provide
much needed descriptive evidence on this market and show that the OTC market is a large …
much needed descriptive evidence on this market and show that the OTC market is a large …
Do stock prices reflect undisclosed financial statement information? Evidence from the OTCBB
BM Burnett - Journal of Accounting and Public Policy, 2020 - Elsevier
I exploit a regulatory change that mandated that Over-the-Counter Bulletin Board (OTCBB)
firms must comply with the reporting requirements of the 1934 Securities Exchange Act. I use …
firms must comply with the reporting requirements of the 1934 Securities Exchange Act. I use …