Doidge, Craig; Karolyi, G. Andrew; Stulz, René M. - 2020
valuation gap to assess whether financial markets are less integrated after the 2008 global financial crisis (GFC). The … valuation gap for firms from developed markets increases by 31% after the GFC – a reversal in financial globalization – while … non-US firms cross-listed on major US exchanges and the typical valuation premium of such firms relative to domestic …