Bailey, Warren (contributor); Karolyi, G. Andrew (contributor) - 2002 - [Elektronische Ressource]
), Foerster and Karolyi (1999), and Miller (1999) argue that
magnitude of investment barriers and the international segmentation … creating ADRs. ADRs
are investment vehicles for investors to register and earn dividends on non-U.S. stock without
direct … work was built using the insights of international asset pricing models with barriers to
international investment. 11 In …