%0 Generic %D 2006 %T The magnet effect of price limits: evidence from transactions data %A Yang,Jimmy %A Hsieh,Ping-Hung %A Kim,Yong H. %K Finance %K Supply Chain %B Financial Management Association meeting %C Salt Lake City, Utah %8 2006 %G eng %2 c %4 649934848 %$ 649934848 %0 Generic %D 2006 %T The Magnet Effect of Price Limits: Evidence from Transactions Data %A Hsieh,Ping-Hung %A Kim,Yong H. %A Yang,Jimmy %K Finance %K Supply Chain %B National Joint Statistical Meetings %C Seattle, Washington %8 2006 %G eng %2 c %4 2722437121 %$ 2722437121 %0 Generic %D 2004 %T The effect of price limits: initial public offerings vs. seasoned equities %A Yang,Jimmy %A Kim,Yong H. %K Finance %B Financial Management Association Annual Meeting %C New Orleans LA %8 2004 %G eng %2 c %4 649920512 %$ 649920512 %0 Journal Article %J Financial Markets, Institutions and Instruments %D 2004 %T What makes circuit breakers attractive to financial markets? A survey %A Kim,Yong H. %A Yang,Jimmy %K Finance %X After the stock market crash of October 1987, the Brady Report (1988) and several academic researchers suggested the imposition of "circuit breakers" to prevent the market from fluctuating excessively. Most financial markets in the world have imposed circuit breaker systems, in the form of price limits and trading halts, in an attempt to reduce excessive market volatility. Similar to any other regulations, circuit breakers have proponents and opponents. In this survey, we analyze the benefits and costs of each type of circuit breaker, provide existing theoretical models and predictions related to each type of circuit breaker, and present findings from empirical studies to justify or disqualify the existence of circuit breakers. In addition, we synthesize existing studies and offer directions for further research in this area. %B Financial Markets, Institutions and Instruments %V 13 %P 109-146 %8 2004 %G eng %N 3 %2 a %4 649910272 %$ 649910272 %0 Generic %D 2003 %T Price limits and overreaction %A Yang,Jimmy %A Kim,Yong H. %K Finance %B Financial Management Association Annual Meeting %C Denver CO %8 2003 %G eng %2 c %4 649930752 %$ 649930752 %0 Generic %D 2003 %T The relative performance between price limits and trading halts: Spanish evidence %A Yang,Jimmy %A Kim,Yong H. %A Yague,Jose %K Finance %B Financial Management Association Annual Meeting %C Denver CO %8 2003 %G eng %2 c %4 649922560 %$ 649922560 %0 Generic %D 2002 %T The relative performance between price limits and trading halts: Spanish evidence %A Yang,Jimmy %A Kim,Yong H. %A Yague,Jose %K Finance %B Finance workshop at the University of Cincinnati %8 2002 %G eng %2 c %4 649932800 %$ 649932800 %0 Generic %D 2001 %T The impact of price limits on initial public offerings: evidence from the Taiwan Stock Exchange %A Yang,Jimmy %A Kim,Yong H. %K Finance %B Financial Management Association Annual Doctoral Student Seminar %C Toronto, Canada %8 2001 %G eng %2 c %4 649926656 %$ 649926656 %0 Generic %D 2001 %T The impact of price limits on initial public offerings: evidence from the Taiwan Stock Exchange %A Yang,Jimmy %A Kim,Yong H. %K Finance %B Finance workshop at the University of Cincinnati %8 2001 %G eng %2 c %4 649918464 %$ 649918464 %0 Generic %D 2001 %T The impact of price limits on initial public offerings: evidence from the Taiwan Stock Exchange %A Yang,Jimmy %A Kim,Yong H. %K Finance %B Midwest Finance Association Annual Meeting %C Cleveland OH %8 2001 %G eng %2 c %4 649928704 %$ 649928704