-  תקציר מפירסומי מרכז מחקר orif לשוק ההון  -

 The Effect of Dual Listing on Share Prices and Liquidity In the Absence of Registration costs

This paper examines the effect dual listing had on share prices and liquidity in a unique setup that annuls the costs of dual listing registration. The main findings are: trade volume of the dual listed companies has grown by about 123% and share prices went up by about 9%. One possible policy implication of these findings is the positive influence harmonized supervision may have over international capital markets such as the Single Passport in Europe.