Price discovery : evidence from stock cross-listed on NASDAQ and SGX

This study investigates the price discovery process between NASDAQ and SGX, attempting to establish the non-existence of a dominant-satellite relationship between both markets. This justifies the decision of Creative Technology Ltd to delist from NASDAQ. In addition, availability of arbitrage oppor...

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Bibliographic Details
Main Authors: Ang, Chiew Peng, Lee, Shihua, Tay, Beng Lee
Other Authors: Charoenwong, Charlie
Format: Final Year Project (FYP)
Published: 2008
Subjects:
Online Access:http://hdl.handle.net/10356/9289
Description
Summary:This study investigates the price discovery process between NASDAQ and SGX, attempting to establish the non-existence of a dominant-satellite relationship between both markets. This justifies the decision of Creative Technology Ltd to delist from NASDAQ. In addition, availability of arbitrage opportunities is investigated to ascertain the level of market integration.