Search Results - subject:"depositary receipts"

Did you mean: subject:"depository receipts" (1,350 results)

The development of emerging stock markets and the demand for cross-listing

Korczak, Adriana; Korczak, Piotr - In: Journal of Empirical Finance 24 (2013) C, pp. 63-77

This study provides new insights into the link between local stock-market development and the demand for cross-listing. Analyzing 14 Central and Eastern European stock markets over two decades, we find that the link is non-monotonic: cross-listing activity first grows and then decreases as the...

Persistent link: https://www.econbiz.de/10010729484

Price transmission dynamics between ADRs and their underlying foreign security: The case of Banco de Colombia S.A.- Bancolombia.

Berggrun, Luis - In: ESTUDIOS GERENCIALES (2006)

This paper analyzes the dynamics ofthe American Depositary Receipt (ADR) of a Colombian bank (Bancolombia) in relation to its pricing factors (underlying (preferred) shares price, exchange rate and the US market index). The aim is to test if there is a long-term relation among these variables...

Persistent link: https://www.econbiz.de/10005769499

Price transmission dynamics between ADRs and their underlying foreign security: The case of Banco de Colombia S.A. - BANCOLOMBIA

Berggrun, Luis - UNIVERSIDAD ICESI - 2005

Este documento analiza la dinámica de los Recibos de Deposito Americanos (ADR) de un banco colombiano (Bancolombia) en relación con los factores que inciden en su precio (precio de las acciones (preferenciales) subyacentes, la tasa de cambio y el índice del mercado accionario de Estados...

Persistent link: https://www.econbiz.de/10005262913

ADR/GDR Potential in Central Europe

Tsolov, Kateřina - Institut ekonomických studií, Univerzita Karlova v Praze - 2005

Depositary receipts gained much popularity in the 1990s. After a slowdown in 2001/2002, years 2003 and 2004 brought a … offering. In line with the market segmentation hypothesis, we found, that the prices of depositary receipts by Central European … companies from the Czech Republic, Hungary and Poland, which issued depositary receipts. The results show that creation of a DR …

Persistent link: https://www.econbiz.de/10005698706

The overseas listing puzzle : post-IPO performance of Chinese stocks and ADRs in the US market

Luo, Yongli; Fang, Fang; Esqueda, Omar A. - In: Journal of multinational financial management 22 (2012) 5, pp. 193-211

Persistent link: https://www.econbiz.de/10009714754

The overseas listing puzzle: Post-IPO performance of Chinese stocks and ADRs in the U.S. market

Luo, Yongli; Fang, Fang; Esqueda, Omar A. - In: Journal of Multinational Financial Management 22 (2012) 5, pp. 193-211

The “China concepts stock” in the U.S. has attracted a great deal of attention among international investors due to the fast growth in Chinese economy. This paper examines the aftermarket performance and the motivations to list in the U.S. for Chinese firms over 1993–2010 by considering...

Persistent link: https://www.econbiz.de/10011043139

The impact of American depositary receipts on the Japanese index: Do industry effect and size effect matter?

Chen, Mei-ping; Lee, Chien-Chiang; Hsu, Yi-Chung - In: Economic Modelling 28 (2011) 1, pp. 526-539

This paper explores whether American Depositary Receipts (ADRs) affect the underlying local index (LD) for Japanese …

Persistent link: https://www.econbiz.de/10010573282

Insider trading regulation and market quality : evidence from American depositary receipts

Chung, Kee H.; Zhang, Hao - In: Asia-Pacific journal of financial studies 39 (2010) 3, pp. 340-360

Persistent link: https://www.econbiz.de/10009230521

Stock price effects analysis between US and Taiwanese online stock trading

Tseng, Chiu-Che; Wei, June; Kang, Ching-Tsai - In: International Journal of Electronic Finance 2 (2008) 4, pp. 371-382

This paper examines online stock price effects of cross-listings American Depositary Receipts (ADRs) in Taiwanese …

Persistent link: https://www.econbiz.de/10008539406

Stock price effects analysis between US and Taiwanese online stock trading

Tseng, Chiu-Che; Wei, June; Kang, Ching-Tsai - In: International Journal of Electronic Finance 2 (2008) 4, pp. 371-382

This paper examines online stock price effects of cross-listings American Depositary Receipts (ADRs) in Taiwanese …

Persistent link: https://www.econbiz.de/10005048885