Sundaram, Anant K; Logue, Dennis E - In: Journal of International Business Studies 27 (1996) 1, pp. 67-88
This study examines post-listing equity price performance of foreign firms which cross-listed sponsored American Depository Receipts (ADRs) on the New York and the American Stock Exchanges during the period 1982-1992. We use three valuation metrics – price-to-book, price-to-cash-earnings, and...
