دانلود رایگان مقاله لاتین بررسی کراس لیستینگ ارزش آفرینی از سایت الزویر
عنوان فارسی مقاله:
کراس لیستینگ و ارزش آفرینی
عنوان انگلیسی مقاله:
Cross-listing and value creation
سال انتشار : 2016
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بخشی از مقاله انگلیسی:
3: Data and methodology:
3.1: Sample description: To construct our sample, we begin by a large number of firms with one or multiple crosslistings in US markets (including NYSE, NASDAQ, AMEX and OTC), major European markets (including London stock exchange, Euronext Paris, Euronext Amsterdam, and Euronext Brussels), Tokyo stock exchange and Australian stock exchange, over the period from 1980 to 2013. Information about dual-listed and multiple-listed firms comes from Datastream, stock exchange web sites, bank of New York and J.P Morgan ADRs databases. All related listings for each stock are identified by ISIN available in Datastream and stock exchange web sites. Underlying ISINs for depository receipts are from the pre-mentioned ADRs databases. Both active and dead stocks are included in the sample in order to avoid survivorship bias and provide a complete chronology of cross-listing. To be included in the sample, a company must have an identifiable cross-listing date from Datastream. We also exclude preference stocks listing, Rule 144 as well as investment funds. Therefore, the sample only includes the cross-listing of common shares and ADRs. Stock and index prices are 13 collected from Datastream. We require each stock to have daily prices for 60 month before and after cross-listing date. Our final sample consists of 303 firms from 33 countries with 499 foreign listings. Table 1 provides information about the number of foreign listings by home countries.
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کلمات کلیدی:
Cross-listing and value creation - SocioRePEc https://sociorepec.org/publication.xml?h=repec:eee:mulfin:v:37-38:y:2016... We also find, in a multivariate regression analysis that traditional explanations for value creation after cross-listing, related essentially to legal environment and ... [PDF]Cross-listing in the 21st century - University of Tilburg - Tilburg University arno.uvt.nl/show.cgi?fid=128400 by J De Landsheere - Related articles ferent cross-listing theories and supporting empirical studies. In Chapter IV, recent research, which investigates the value creation of cross-listings, is discussed ... [PDF]Do Foreign Cross-Listings Increase Firm Value - CiteSeerX citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.201.1711&rep=rep1... by EC Perotti - 1997 - Cited by 9 - Related articles Do Foreign Cross-Listings Increase Firm Value ? Evidence ...... Rappaport, A., Creating shareholder value: the new standard for business performance, The Free. [PDF]Cross-Listing, Investment Sensitivity to Stock Price and the Learning ... www.tse-fr.eu/sites/default/files/medias/stories/SEMIN_10_11/.../fresard.pdf by T Foucault - Cited by 94 - Related articles of value creation inherent in multi-national listings.1 This line of research has considerably improved our understanding of international cross-listings. Yet the ... [PDF]The market reaction to cross-listings: Does the ... - Squarespace https://static1.squarespace.com/.../Roosenboom+%26+van+Dijk+-+The+market+reacti... by P Roosenboom - 2009 - Cited by 83 - Related articles creating value for cross-listings on US exchanges, while overcoming segmentation and bonding are asso- ciated with higher announcement returns on the ...
