Cross‐Listing, Information Environment, and Market Value: Evidence from U.S. Firms that List on Foreign Stock Exchanges

2008 ◽  
Vol 7 (2) ◽  
pp. 25-41 ◽  
Author(s):  
Li Li Eng ◽  
Sandeep Nabar ◽  
G. Mujtaba Mian
Keyword(s):  
Market Value ◽  
Information Environment ◽  
Stock Exchanges ◽  
Cross Listing

Synthetic versus Physical Exchange Traded Funds. Spillover and Asymmetric -Volatility Effects

2018 ◽  
Vol 9 (1) ◽  
pp. 15
Author(s):  
Askar KOSHOEV
Keyword(s):  
New York ◽  
Arma Model ◽  
Stock Exchanges ◽  
Exchange Traded Funds ◽  
Chinese Market ◽  
Negative Effects ◽  
Asymmetric Volatility ◽  
Cross Listing ◽  
The Moment ◽  
The Impact

Earning popularity synthetic exchange-traded funds which track their benchmarks by taking positions in derivative contracts are subjects of many debates concerning potential negative effects they may cause. At the moment, available empirical results are scarce and ambiguous. This research investigates the impact of synthetic funds on the stock market by comparing them to their physical alternatives. The spillover and asymmetric volatility effects were identified and analyzed by the deployment of the EGARCH-M-ARMA model. Local legislation on the Chinese market caused the creation of several physical and synthetic ETFs which track same benchmarks. This unique conditions can be employed in order to examine the effects of synthetic ETFs on the market. The sample of this study comprises ETFs which track Chinese A-shares but are listed or cross-listing in Hong Kong or New York stock exchanges. This study broadens the knowledge about synthetic ETFs and their relationships with the markets. Spillover and asymmetric-volatility effects are tested for ETFs, their respective benchmark indices, and general markets indices. The results do not reveal clear evidence that Synthetic ETFs have an impact on the stock markets.

scholarly journals PENGARUH ECONOMIC VALUE ADDED (EVA) DAN MARKET VALUE ADDED (MVA) TERHADAP RETURN SAHAM PERUSAHAAN OTOMOTIF DI INDONESIA TAHUN 2007–2010

El Dinar ◽  
2014 ◽  
Vol 1 (02) ◽  
Author(s):  
Putri Kurnia Widiati
Keyword(s):  
Stock Return ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Stock Exchanges ◽  
Good Prediction ◽  
Economic Value Added ◽  
Market Value Added ◽  
Important Position

<p>This study analyzed the effect of Economic Value Added (EVA), Market Value Added (MVA) of otomotif companies Stock return listed on stock exchanges Indonesia, because otomotif companies have an important position on Indonesian Economics.Population of this research are otomotif company that listed on the Stock Exchange of Indonesia from 2007–2010 with sensus sampling method and multiple regresion analysis to analyzed. For the parsial side Market Value Added (MVA) has an influence to stock return of Otomotif Company that listed on the Stock Exchange. To get the trust from investor, otomotif company should have good performance with a good value of Market Value Added, because Market Value Added has significant effect to stock return; and have a good prediction about another factor that influence the stock return wich used histories data for the indicator.</p><p> </p>

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