This book is an economic analysis of the stock exchange industry. The authors draw on theories from micro- and industrial economics to provide a detailed analysis of the industry structure, the strategic behaviour of key participants and the performance of stock exchanges.

Autorentext
Josanco Floreani is Lecturer in Banking and Finance at the University of Udine, Italy. He is a member of the Italian Association of University Teachers in Banking and Finance (ADEIMF) and the European Association of University Teachers in Banking and Finance (The Wolpertinger Club). He has published previously with Palgrave Macmillan on the subject of performance measurement in the exchange industry.

Maurizio Polato is Professor in Banking and Finance at the University of Udine, Italy. He is a member of the Italian Association of University Teachers in Banking and Finance (ADEIMF) and the European Association of University Teachers in Banking and Finance (The Wolpertinger Club). He has published previously with Palgrave Macmillan on the exchange industry.

Inhalt

1. Securities Industry and Exchange Industry: Organization and Value Chain 2. The Exchange Industry: An Overview 3. Securities Industry Regulation: Implications for Exchanges' Performances 4. The Governance of Securities Exchanges: New Insights 5. The Economics of Exchanges 6. A Risk-Adjusted Model for Performance Measurement 7. The Economics of the Exchange Industry: An Empirical Overview