Journal article
A survey of evidence on domestic and international stock exchange listings with implications for markets and managers
Pacific-Basin Finance Journal, Vol.4(4), pp.347-376
12/1996
DOI: 10.1016/S0927-538X(96)00020-0
Abstract
As new equity markets continue to emerge worldwide, the topic area of stock exchange listings has sparked interest among financial scholars and corporate managers alike. In this article, we review and synthesize empirical studies that examine both new and dual international and intranational listings of common stocks. The studies that we review have been conducted to provide managers and policy makers with information about the effects of listing on stock prices and to use listings as a venue to provide insights about market organization, market micro-structure, factors that determine stock prices and returns, and international capital market integration. In general, new listings are associated with an increase in stock value and no change in risk.
Details
- Title: Subtitle
- A survey of evidence on domestic and international stock exchange listings with implications for markets and managers
- Creators
- John J. McConnell - Purdue University West LafayetteHeidi J. Dybevik - Purdue University West LafayetteDavid Haushalter - Purdue University West LafayetteErik Lie - William & Mary
- Resource Type
- Journal article
- Publication Details
- Pacific-Basin Finance Journal, Vol.4(4), pp.347-376
- Publisher
- Elsevier B.V
- DOI
- 10.1016/S0927-538X(96)00020-0
- ISSN
- 0927-538X
- eISSN
- 1879-0585
- Language
- English
- Date published
- 12/1996
- Academic Unit
- Finance
- Record Identifier
- 9984380493402771
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