Coy, Jeffrey M.; Cao, Kien D.; Nguyen, Thuy T. - In: Managerial Finance 47 (2021) 12, pp. 1817-1833
Purpose: Consistent with an “absolute bonding hypothesis,” the benefits of listing on US exchanges experienced by cross-listed firms are accompanied by an increased risk of experiencing a spillover effect due to negative news within their industry. The purpose of this study is to test this...