Contact
Comment faire ses achats
Livraison
Guide d'achat
Mispricing Between Identical Assets
The Price Differential between Identical Assets Trading in Different Markets- A Case Study of Mondi Holdings
Anglais
102 b
Livraison à Autriche
Jusqu'à 30 jours pour les retours
Les clients ont également acheté
/
Livre de poche
24.99
€
/
Livre de poche
31.09
€
/
Livre de poche
54.99
€
/
Livre de poche
54.29
€
/
Livre de poche
30.39
€
/
Livre de poche
38.19
€
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.
À propos du livre
Anglais
Offrez ce livre dès aujourd'hui
C’est simple
1 Ajouter au panier et choisir l'option Livrer comme cadeau à la caisse. 2 Nous vous enverrons un bon d'achat 3 Le livre arrivera à l'adresse du destinataireCeci pourrait également vous intéresser
/
Livre relié
92.79
€
/
Livre de poche
10.29
€
Bonjour ! Je suis Libroamiko, votre conseiller littéraire.
Comment puis-je vous aider ?