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Rule dents small caps' market values: study

University of Münster researchers find small caps that are exempted did 20.5% better in returns over 2-year period


MANDATORY quarterly reporting could cost Singapore-listed small-caps an average of S$9.0 million in "lost" market value that they might have had otherwise, academics have found. The controversial rule also does not actually improve small-caps' liquidity and overall imposes a net