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Cross-Listing and the Long-Term Performance of ADRs : Revisiting European Evidence

Bancel, Franck - 2009

In this paper, we examine several cross-listing theories employing a sample of over 250 European ADRs representing 19 countries during the 1970-2002 period. We find that, first, though both Level II and III listings underperform over the three years subsequent to the US listing, the determinants...

Persistent link: https://www.econbiz.de/10013157264

Premiums between cross-listed shares : determinants and assessment of financial reform policy effectiveness

Zhang, Xuechun; Xu, Ruihui; Liu, Xue - In: China & world economy 30 (2022) 3, pp. 75-99

Persistent link: https://www.econbiz.de/10013274194

Is There a Cross Listing Premium for Non-Exchange Traded Depositary Receipts?

O’Connor, Thomas - 2010

In this paper, I examine the valuation effects of trading in the U.S. as non-exchange issues i.e. Level 1 and 144 firms for non-U.S. firms. The study is motivated by two facts; first, while the number of new Level 2/3 issues has fallen 2001, Level 1 issues have remained an attractive listing...

Persistent link: https://www.econbiz.de/10013149117

Which Firms Choose to List as American Depositary Receipts (Adrs)? : Evidence from Mexican Cross Listings

Davis-Friday, Paquita Y.; Frecka, Thomas J. - 2003

This study provides evidence that Mexican firms that choose to trade in the U.S. as exchange-listed American Depositary Receipts (ADRs) have significantly weaker ex post (subsequent to cross listing) financial performance compared with Mexican firms that are eligible to list in the U.S., but do...

Persistent link: https://www.econbiz.de/10014094730

Volatility in international stock markets : an empirical study during COVID-19

Chaudhary, Rashmi; Bakhshi, Priti; Gupta, Hemendra - In: Journal of risk and financial management : JRFM 13 (2020) 9/208, pp. 1-17

Predicting volatility is a must in the finance domain. Estimations of volatility, along with the central tendency … research is to analyze the influence of COVID-19 on the return and volatility of the stock market indices of the top 10 … volatility remains higher than in normal periods, signaling a bearish tendency in the market. The COVID variable, as an exogenous …

Persistent link: https://www.econbiz.de/10012384430