A study on the effects of switching stock markets on stock returns and firm value in Japan.
An event-study of 177 JASDAQ stocks that switched to the TSE from 1997 to 2001. Switch listing has positive impact on switching firms’ stock prices in the short-run, but not in the long-run. ROA, ROE and pre-tax profit margin growth rate decline though number of shareholders and dividend yield incre...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/9320 |
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| Institution: | Nanyang Technological University |
| Summary: | An event-study of 177 JASDAQ stocks that switched to the TSE from 1997 to 2001. Switch listing has positive impact on switching firms’ stock prices in the short-run, but not in the long-run. ROA, ROE and pre-tax profit margin growth rate decline though number of shareholders and dividend yield increase. |
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