Investor confusion and similarly identified securities

J.R. Davies, D.J. Hillier, J. Thamm

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

This paper extends the analysis of Rashes (2001) to examine the co-movement of prices for a sample of UK equity securities with similar ticker symbols and names. In contrast to Rashes (2001), we find only limited evidence of price changes that could be attributed to ticker symbol or name confusion. Our results suggest that any such confusion, if it exists at all, is most likely confined to very short time horizons and is not a systematic occurrence for similarly identified securities.
LanguageEnglish
Pages693-711
Number of pages18
JournalAccounting and Finance
Volume47
Issue number4
DOIs
Publication statusPublished - 2007

Fingerprint

Symbol
Investors
Equity
Comovement
Time horizon
Price changes

Keywords

  • UK equity securities
  • securities
  • investors
  • shares
  • accountancy

Cite this

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Investor confusion and similarly identified securities. / Davies, J.R.; Hillier, D.J.; Thamm, J.

In: Accounting and Finance, Vol. 47, No. 4, 2007, p. 693-711.

Research output: Contribution to journalArticle

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