Das, Somnath; Saudagaran, Shahrokh M.; Sinha, Ranjan - In: Review of Accounting and Finance 3 (2004) 4, pp. 47-72
A number of US firms voluntarily de‐listed their stock from the Tokyo Stock Exchange (TSE) during the years 1977–97. We examine changes in trading volume, return volatility and implicit bid‐ask spreads in the U.S. stock exchange surrounding the de‐listing, and find evidence of an...
