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Stock Exchange Governance in the European Union

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Corporate Governance, Financial Markets and Global Convergence

Part of the book series: Financial and Monetary Policy Studies ((FMPS,volume 33))

Abstract

Stock exchanges are generally viewed as a type of firm that produces ‘transaction services’. They facilitate transactions between buyers and sellers of securities by providing either a centralized location for trades to take place or an electronic system to perform the same function.1 Thus, the primary benefit of exchanges is that they save traders the cost of independently searching for someone on the other side of the transaction.2 Another benefit is that exchanges produce information, as reflected in the prices of the instruments traded on them.3

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Authors
  1. Guido Ferrarini
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Editor information

Editors and Affiliations

  1. Aarhus School of Business, Aarhus, Denmark

    Morten Balling (Rector) (Rector)

  2. Central Banking, London, UK

    Elizabeth Hennessy (Managing Editor) (Managing Editor)

  3. Global Business Network, London, UK

    Richard O’Brien

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© 1998 Springer Science+Business Media Dordrecht

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Ferrarini, G. (1998). Stock Exchange Governance in the European Union. In: Balling, M., Hennessy, E., O’Brien, R. (eds) Corporate Governance, Financial Markets and Global Convergence. Financial and Monetary Policy Studies, vol 33. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-2633-6_7

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  • DOI: https://doi.org/10.1007/978-1-4757-2633-6_7

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4419-4784-0

  • Online ISBN: 978-1-4757-2633-6

  • eBook Packages: Springer Book Archive

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