Risk and return implications of American depository receipts listings.

• Main Authors: Chia, Kelvin Zhi Ling., Choi, Shuk Man., Goh, Lek Ping.
• 其他作者: Nanyang Business School
• 格式: Final Year Project
• 出版: 2008
• 主題: DRNTU::Business::Finance::Equity
• 在線閱讀: http://hdl.handle.net/10356/8658

This paper examines the behaviour of stock returns and volatility patterns upon the listing of ADRs by Singapore firms. The sample reveals evidence showing negative post-listing abnormal returns and risk reducing effects although changes in volatilities upon the listing of the ADRs are insignificant...