Showing 1 - 10 of 37,436
ADR and its underlying shares represent ownership interest of the same firm, they should be perfect substitutes in a … market. From purely the standpoint of information accessibility, ADR issuers are likely to time their issues or set their …
Persistent link: https://www.econbiz.de/10009451102
in their ADR issuance decisions and, in doing so, display some ability to time their local exchange rate market. We study … ADR issuances in the U.S. stock market between 1976 and 2003. We find that foreign firms tend to issue ADRs after their … after the integration of the issuer's local financial market with the world capital markets, iii) when the ADR issue raises …
Persistent link: https://www.econbiz.de/10009438148
Persistent link: https://www.econbiz.de/10012127856
Persistent link: https://www.econbiz.de/10011961106
Persistent link: https://www.econbiz.de/10013454273
Using a sample that provides unprecedented detail on foreign listings, new listings, and delistings for 29 exchanges in 24 countries starting from the early 1980s, we document a growing tendency of listings to concentrate in the U.S. and the U.K., and large changes in all exchanges’ ability to...
Persistent link: https://www.econbiz.de/10011605630
Using a sample that provides unprecedented detail on foreign listings, new listings, and delistings for 29 exchanges in 24 countries starting from the early 1980s, we document a growing tendency of listings to concentrate in the U.S. and the U.K., and large changes in all exchanges’ ability to...
Persistent link: https://www.econbiz.de/10010693495
Using a sample that provides unprecedented detail on foreign listings, new listings, and delistings for 29 exchanges in 24 countries starting from the early 1980s, we document a growing tendency of listings to concentrate in the U.S. and the U.K. and large changes in all exchanges’ ability to...
Persistent link: https://www.econbiz.de/10004991544
Persistent link: https://www.econbiz.de/10012257616
Persistent link: https://www.econbiz.de/10011672591