The absent players

: the impact of firm with no trading activity

Abstract

This study aims to identify what kind of firms are listed on stock exchange market with a very low volume traded. The literature that focused on financial markets uses the market as a whole or only highlight the largest firms (namely the firms listed in most important indexes, for instance FTSE 100), but no such relevant study are focused on listed companies with zero volume traded. Our study aims to be exploratory, trying to characterize these firms that strategically choose to be listed incurring in huge costs and under exigent regulatory compliance. Our analysis scope is London Stock Exchange listed firms.

Date of Award	2014
Original language	English
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Paulo Alves (Supervisor)