Georgieva, Dobrina; Jandik, Tomas - In: Journal of Multinational Financial Management 22 (2012) 5, pp. 230-251
Non-U.S. firms can converge toward U.S. capital market and legal regulations by cross-listing in the U.S. or by being acquired by a U.S. bidder. We show companies that are smaller, have lower growth opportunities, are capital intensive, and benefit from bonding through compliance with U.S....