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 …
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 survival and success of Canadian penny stock IPOs
C Carpentier, JM Suret - Small Business Economics, 2011 - Springer
We analyze the survival and success of a large sample of Canadian penny stock initial
public offerings (IPOs), launched mostly by small and unprofitable firms from 1986 to 2003 …
public offerings (IPOs), launched mostly by small and unprofitable firms from 1986 to 2003 …
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 …
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 …
A reinvestigation of the stock price reactions to announcements of Black top executive appointments
We investigate the stock market reactions to the announcements of Black CEO and top
management team (TMT) appointments in light of two conflicting studies that advance …
management team (TMT) appointments in light of two conflicting studies that advance …
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 …
[PDF][PDF] From pink slips to pink sheets: Liquidity and shareholder wealth consequences of Nasdaq delistings
If liquidity is priced, as suggested by Amihud and Mendelson (1986) and Acharya and
Pedersen (2004), shareholders of firms that experience drastic declines in liquidity should …
Pedersen (2004), shareholders of firms that experience drastic declines in liquidity should …