Catalist stocks underperforming, says study co-authored by Prof Mak

Prof Mak and Mr Chew argued that sponsors might hesitate to report disclosure or compliance breaches by issuers because the sponsors do not want to lose revenue from the issuers.

“A change in sponsor is a potential warning sign for Catalist companies, and multiple changes/short relationships between a company and sponsor are more likely to indicate problems with the issuer,’’ they wrote.

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