The price differential between identical assets trading in different markets : a case study of Mondi Holdings

 

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dc.contributor.advisor Gstraunthaler, Thomas en_ZA
dc.contributor.author Majoni, Akios en_ZA
dc.date.accessioned 2014-12-31T20:03:15Z
dc.date.available 2014-12-31T20:03:15Z
dc.date.issued 2010 en_ZA
dc.identifier.citation Majoni, A. 2010. The price differential between identical assets trading in different markets : a case study of Mondi Holdings. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/10796
dc.description Includes abstract. en_ZA
dc.description Includes bibliographical references (p. 41-45). en_ZA
dc.description.abstract This study investigates the possible explanatory factors behind the mispricing in dual traded assets, using Mondi Holdings (the PLC listed on the London Stock Exchange and the LTD listed on the Johannesburg Stock Exchange) as a case study. The study documents the existence of substantial mispricing between the Mondi twins, with the LTD trading at an average premium of 9% over the sample period. However, the reclassification of the PLC shares on the JSE resulted in a significant and sharp decline in the LTD premium to an average of 3%, an indication that regulatory controls were significant in sustaining a larger part of the price deviations. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Financial Management en_ZA
dc.title The price differential between identical assets trading in different markets : a case study of Mondi Holdings en_ZA
dc.type Master Thesis
uct.type.publication Research en_ZA
uct.type.resource Thesis en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Commerce en_ZA
dc.publisher.department Department of Finance and Tax en_ZA
dc.type.qualificationlevel Masters
dc.type.qualificationname MCom en_ZA
uct.type.filetype Text
uct.type.filetype Image
dc.identifier.apacitation Majoni, A. (2010). <i>The price differential between identical assets trading in different markets : a case study of Mondi Holdings</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/10796 en_ZA
dc.identifier.chicagocitation Majoni, Akios. <i>"The price differential between identical assets trading in different markets : a case study of Mondi Holdings."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2010. http://hdl.handle.net/11427/10796 en_ZA
dc.identifier.vancouvercitation Majoni A. The price differential between identical assets trading in different markets : a case study of Mondi Holdings. [Thesis]. University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2010 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/10796 en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Majoni, Akios AB - This study investigates the possible explanatory factors behind the mispricing in dual traded assets, using Mondi Holdings (the PLC listed on the London Stock Exchange and the LTD listed on the Johannesburg Stock Exchange) as a case study. The study documents the existence of substantial mispricing between the Mondi twins, with the LTD trading at an average premium of 9% over the sample period. However, the reclassification of the PLC shares on the JSE resulted in a significant and sharp decline in the LTD premium to an average of 3%, an indication that regulatory controls were significant in sustaining a larger part of the price deviations. DA - 2010 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2010 T1 - The price differential between identical assets trading in different markets : a case study of Mondi Holdings TI - The price differential between identical assets trading in different markets : a case study of Mondi Holdings UR - http://hdl.handle.net/11427/10796 ER - en_ZA


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