Aquino, Katty Perez; Poshakwale, Sunil - In: Applied Financial Economics 16 (2006) 16, pp. 1225-1237
Evidence on ADR price discovery is provided using data for a large sample from 13 different countries for the period 1990 to 2000. Using Seemingly Unrelated Regression (SUR) and Feasible Generalized Least Squares (FGLS) models that incorporate both contemporaneous and lagged factors as exogenous...