Cosset, Jean-Claude; Meknassi, Siham - Centre Interuniversitaire sur le Risque, les Politiques … - 2010
We examine the role of cross-listing in alleviating domestic market constraint and facilitating cross-border mergers and acquisitions. Cross-listing appears to strengthen the bargaining power of target firms, allowing them to extract higher takeover premiums relative to their non-cross-listed...