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	NYSE newsletter features study by ND finance professor


    
      
        
          NYSE newsletter features study by ND finance professor

          
            
              
                
                Published: August 11, 2002
              

              
                Author: Dennis Brown
              

              







          

          
          
          

          
        
        
        
          A study coauthored by Shane Corwin from the University of Notre Dame is featured on the cover of the current edition of The Exchange, the monthly newsletter of the New York Stock Exchange (NYSE).p. Titled “IPOs Find Deep, Liquid Market at NYSE, Study Shows,” the story reports on the findings of research conducted by Corwin, assistant professor of finance and business economics, and professors Marc Lipson of the University of Georgia and Jeffrey Harris of the University of Delaware.p. Based upon an examination of 220 initial public offerings (IPOs) listed on the NYSE between January 1995 and September 1998, the researchers found that issuers could count on unusually high market depth at exceptionally low bid-ask spreads during the first several days of trading. The study indicated that the liquidity was strong regardless of an IPO’s popularity.p. The story is on the Web at: “http://www.nyse.com/press/publications.html”: http://www.nyse.com/press/publications.html .p. A member of the Notre Dame faculty since 2000, Corwin specializes in the study of investments and market microstructure. He earned his bachelor’s and master’s of business administration degrees from Mankato State University and his doctorate from Ohio State University.

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