We examine the sensitivity of corporate investment to stock-market valuations (measured by Tobin's q) and internal funds (measured by cash flow) in a setting that captures the unique country institutional characteristics of the Middle East and North Africa (MENA) region. We report a higher...

This paper investigates the relationship between cross-listing on the US and UK regulated and unregulated exchanges and trading volume, for a sample of 500 foreign firms from 34 countries. Evidence shows that trading volume increase is a function of both reducing segmentation and signaling...

Purpose – The purpose of this paper is to compare foreign listings on regulated and unregulated exchanges, and civil and common‐law companies to test the effects of cross‐listing (CL) on the firm's number of analysts and the accuracy of their forecast. Design/methodology/approach – The...