As domestic sources of outside finance are limited in many countries around the world, it is important to understand factors that influence whether foreign investors provide capital to a country's firms. This study uses a unique and comprehensive dataset of foreign holdings by U.S. investors...

This paper examines cost of capital and cash flow effects of cross-listings in the U.S. Prior studies document that cross-listings generally have substantial effects on firms' market values. However, the sources of these valuation effects are not yet well understood. We estimate the cost of...