Sabherwal, Sanjiv - In: The Financial Review 42 (2007) 1, pp. 23-51
I analyze the firm-specific determinants of the U.S. share of trading volume for 126 U.S.-listed Canadian firms. I find that the U.S. share of volume is directly related to the mass of informed and liquidity traders in the United States relative to Canada, as proxied by relative analyst...