Price premium for foreign shares listed on the stock exchange of singapore
Since the introduction of Foreign tranche shares for non-residence Singaporean investors in the Stock Exchange of Singapore, the foreign tranche shares are sold at a premium over their respective local counterparts. This paper intends to examine whether the price differential that has prevailed s...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/55747 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Since the introduction of Foreign tranche shares for non-residence
Singaporean investors in the Stock Exchange of Singapore, the foreign tranche
shares are sold at a premium over their respective local counterparts. This paper
intends to examine whether the price differential that has prevailed since the
foreign tranche was introduced in Singapore can be explained by the plausible
differences in risk profile , liquidity and required rate of return of the local and
foreign tranche shares. This study on the price behaviour has important
implication which may be valuable for investors, regulators, and policymakers
involved in equity markets in developing countries . |
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