A study on the effects of switching stock markets on stock returns and firm value in Japan.

• Main Authors: Lim, Chin Yin., Ng, Yung Eng., Sang, Siew Noy.
• Other Authors: Sawicki, Julia
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Finance::Stock exchanges
• Online Access: http://hdl.handle.net/10356/9320
• Institution: Nanyang Technological University

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...