Risk and return implications of American depository receipts listings.
Chia, Kelvin Zhi Ling.
Choi, Shuk Man.
Goh, Lek Ping.
Date of Issue2002
College of Business (Nanyang Business School)
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.
Final Year Project (FYP)
Nanyang Technological University