The Impact of Expanding Price Limits on The Volatility of Damascus Securities Exchange
published by Aِl-Baath University
in 2016
in Financial
and research's language is
العربية
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Abstract in English
This study aims at investigating the impact of the expansion of price
limits on the volatility of Damascus Securities Exchange, by
comparing the fluctuations of the market under three different price
limits systems, since the opening of the market until the end of 2014.
Results of the study showed that the price limits expanding in the
Damascus Securities Exchange leads to an increase in the volatility of
stock returns. Consequently, setting narrower price limits will reduce
the volatility, and this confirms the effectiveness of the system of price
limits in reducing the volatility of Damascus Securities Exchange.
References used
BILDIK, R; ELEKDAG, S. 2004 Effects of Price Limits on Volatility: Evidence from the Istanbul Stock Exchange. Emerging Markets Finance and Trade, Vol. 40. 5-34
CHRISTOPHER, N. 2002 Effect of price limits on volatility and stock returns in emerging markets: evidence from the Johannesburg stock exchange. Journal of Comparative International Management. Vol. 5, No. 1
DABBOU, H. 2013 Evaluating The Widening Of Price Limits: Evidence from Tunisian Stock Exchange. Journal of Business Studies Quarterly. Vol. 3, No .3. 140-159