A study on the effects of switching stock markets on stock returns and firm value in Japan.
Lim, Chin Yin.
Ng, Yung Eng.
Sang, Siew Noy.
Date of Issue2004
College of Business (Nanyang Business School)
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.
Final Year Project (FYP)
Nanyang Technological University