Investor confusion and similarly identified securities

J.R. Davies; D.J. Hillier; J. Thamm

doi:10.1111/j.1467-629x.2007.00223.x

Investor confusion and similarly identified securities

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

Accounting And Finance

Research output: Contribution to journal › Article › peer-review

2 Citations (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.

Original language	English
Pages (from-to)	693-711
Number of pages	18
Journal	Accounting and Finance
Volume	47
Issue number	4
DOIs	https://doi.org/10.1111/j.1467-629x.2007.00223.x
Publication status	Published - 2007

Keywords

UK equity securities
securities
investors
shares
accountancy

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10.1111/j.1467-629x.2007.00223.x

Cite this

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KW - shares

KW - accountancy

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Investor confusion and similarly identified securities

Abstract

Keywords

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