Visaltanachoti, Nuttawat; Yang, Ting - In: Journal of Banking & Finance 34 (2010) 3, pp. 594-605
This paper contributes to the cross-listing literature by documenting the speed of convergence to market efficiency for foreign stocks listed on the NYSE. We find that, on average, it takes 30-60Â minutes for a foreign stock to achieve market efficiency. For a comparable US stock, it takes...