Testing for expected return and market p
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Jie Zhu
📂
Article
📅
2009
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Elsevier Science
🌐
English
⚖ 455 KB
There exist dual listed stocks which are issued by the same company in some stock markets. Although these stocks bare the same firm-specific risks and enjoy identical dividends and voting policies, they are priced differently. Some previous studies show this seeming deviation from the law of one pri