Publication Date

1-1-2001

Document Type

Dissertation/Thesis

First Advisor

Dowen, Richard J.

Degree Name

B.S. (Bachelor of Science)

Department

Department of Accountancy

Abstract

The purpose of this study is to examine how decimalization affects the volume of stocks traded on the stock exchanges in the United States. Many analysts and policy makers believe that decimalization will increase the volume of shares traded per day, because the market will become easier to participate in due to the ease of comparing stock prices. However, few studies have been done on this topic in the United States. A sample of 80 stocks from the New York Stock Exchange was chosen for this study. Volume information was collected for a period of 10 days before and 10 days after the date of decimalization. This data was run through a series of statistical tests that included aT-test, F-test and Wilcoxon Rank Test. The findings showed that the null hypothesis that decimalization has no effect on trading volume cannot be rejected.

Extent

18 pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type

Text

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