Abstract
The mass delisting of cross-listed stocks in the Kuala Lumpur Stock Exchange of Malaysia (KLSE) and Stock Exchange of Singapore (SES) provides us a unique opportunity to examine whether delisting without firm-specific information affects stock returns. Our result shows that if delisting conveys no firm information, it generates no abnormal returns although it still has effect on firm betas and trading volume.
Original language | English |
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Pages (from-to) | 333-351 |
Number of pages | 19 |
Journal | Pacific Basin Finance Journal |
Volume | 10 |
Issue number | 3 |
DOIs | |
Publication status | Published - 1 Jun 2002 |
Keywords
- Cross-listing
- Dual listing
- Market merger
- Mass delisting
- Signaling
ASJC Scopus subject areas
- Finance
- Economics and Econometrics