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The Nestlé crash

BORIS DOI
Description
On November 17, 1988, the board of directors of Nestlé AG decided to allow foreign investors to hold Nestlé registered stock, reversing a longstanding practice. This decision had a tremendous impact on the prices of the firm's three classes of common stock, as well as on the prices of several other corporations traded on the Zürich stock exchange. These price changes can be explained by the hypothesis that demand curves slope down.
Date of Publication
1995
Publication Type
Article
Subject(s)
Language(s)
en
Contributor(s)
Additional Credits
Series
Journal of Financial Economics
Publisher
North-Holland
ISSN
0304-405X
Access(Rights)
restricted
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