Kontakt
Wie einkaufen
Versand
Kaufberater
Mispricing Between Identical Assets
The Price Differential between Identical Assets Trading in Different Markets- A Case Study of Mondi Holdings
Englisch
127 b
30 Tage für die Rückgabe der Ware
Kunden kauften auch
/
Broschur
42.49
€
/
Broschur
41.59
€
/
Broschur
34.09
€
/
Broschur
51.99
€
/
Broschur
71.69
€
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.
Informationen zum Buch
Englisch
Verschenken Sie dieses Buch noch heute
Es ist ganz einfach
1 Legen Sie das Buch in Ihren Warenkorb und wählen Sie den Versand als Geschenk 2 Wir schicken Ihnen umgehend einen Gutschein 3 Das Buch wird an die Adresse des beschenkten Empfängers geliefertDas könnte Sie auch interessieren
/
Hardcover
112.09
€
/
Broschur
12.69
€
Hallo! Ich bin Libroamiko, dein Buchberater.
Wie kann ich dir helfen?