Kontakt
Kako nakupovati
Dostava
Svetovalec pri nakupu
Mispricing Between Identical Assets
The Price Differential between Identical Assets Trading in Different Markets- A Case Study of Mondi Holdings
Angleščina
108 b
Do 30 dni za vračilo
Drugi so kupili tudi
/
Mehka
32.63
€
/
Mehka
20.98
€
/
Mehka
162.69
€
/
Mehka
49.80
€
This study investigates the possible explanatory factors behind the mispricing in dual traded assets using Mondi Holdings as a case study. The study documents the existence of substantial mispricing, averaging 9%, between the Mondi twins. The results indicate that regulatory controls were significant in sustaining a larger part of the price deviations. Evidence of excess co-movements is also observed as a key driver of the mispricing, an indication that share prices are to some extent influenced by market sentiment and behavioural biases in markets in which they trade. It also appears as if any mispricing caused by excess co-movement cannot be arbitraged away due to lack of fungibility of the scrip. The paper does not find enough evidence to support the effects of transactions costs and fundamental/ twin specific variables. This analysis will be of great value to academics, investments analysts and professionals in the asset management industry as they seek to understand the subject. Active portfolio managers and arbitrageurs will make informed decisions given a good understanding of the drivers of the mispricings.
O knjigi
Angleščina
Podarite to knjigo še danes
To je povsem preprosto
1 Dodajte knjigo v košarico in izberite dostavo kot darilo 2 V zameno vam bomo poslali kupon 3 Knjiga bo dostavljena na naslov obdarovancaMorda bi vas zanimalo tudi
/
Mehka
11.74
€
/
Mehka
11.54
€
/
Mehka
14.15
€
Pozdravljeni! Sem Libroamiko, vaš knjižni svetovalec.
Kako vam lahko pomagam?