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

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dc.contributor.advisorGstraunthaler, Thomasen_ZA
dc.contributor.authorMajoni, Akiosen_ZA
dc.date.accessioned2014-12-31T20:03:15Z
dc.date.available2014-12-31T20:03:15Z
dc.date.issued2010en_ZA
dc.descriptionIncludes abstract.en_ZA
dc.descriptionIncludes bibliographical references (p. 41-45).en_ZA
dc.description.abstractThis 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.identifier.apacitationMajoni, 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/11427/10796en_ZA
dc.identifier.chicagocitationMajoni, 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/11427/10796en_ZA
dc.identifier.citationMajoni, 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.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
dc.identifier.urihttp://hdl.handle.net/11427/10796
dc.identifier.vancouvercitationMajoni 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/11427/10796en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Finance and Taxen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherFinancial Managementen_ZA
dc.titleThe price differential between identical assets trading in different markets : a case study of Mondi Holdingsen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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