NUS researchers withdraw claims on developers' insider trading

The university recently released a study asserting that developers exchange information on bids during golf time.

Researchers from the National University of Singapore Business School, who released a study earlier this month that claimed insider trading among some developers during games of golf led to cheaper land prices, have retracted the assertion, according to a report by Bloomberg.

The study’s authors now say they couldn’t find evidence such activity took place and have removed the term from their paper.

Also Read: Golf time between developers results in lower land bids: study

“Research is dynamic in nature. Scientists go through many iterations of the paper in the research process,” said Professor Sumit Agarwal, a real estate and economics academic at NUS and one of the paper’s four authors. “With this study, we thought we could establish insider trading. This turned out not to be the case, and hence the content on insider trading was removed in subsequent versions. The version online has since been updated.”

Read the full report here

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Is HDB resale a good investment?
OrangeTee’s Dallas Hassan and Huttons Asia Real Estate Groups’ Lee Sze Teck answer frequently-asked questions on HDB.
Spoof proof: How the new SMS Sender ID Registry prevents phishing
Phishing remains a huge problem in Singapore, with reported incidents jumping from 16 to 5,020 within four years.