This paper examines the impact of regional cross-listing on stock prices. The sample consists of sub- Saharan African firms that have cross-listed during the period 1992-2008. Using event study methodology, the study finds positive abnormal returns around the date of the regional cross-listing...

The number of South African firms that have sought cross-listing in regional and global markets has been increasing. Many firms increase their presence beyond local markets, and one of these avenues is through cross-listing; however, it remains unclear whether the home or host market contributes...

This paper tests whether foreign equity exchange listings are associated with permanent valuation gains and examines how market and firm characteristics influence any valuation effects. Using a sample of 1256 listings placed in 24 countries, we find that much of the valuations gains to overseas...