Do international investors cause stock market spillovers? Comparing responses of cross-listed stocks between accessible and inaccessible markets
Sign Up to like & getrecommendations! Published in 2017 at "Economic Modelling"
DOI: 10.1016/j.econmod.2017.09.023
Abstract: This study provides evidence that international stock investors f transactions are a cause of stock market comovements. We analyze return and volatility spillovers between eight major stock markets and stocks cross-listed on an accessible market… read more here.
Keywords: market; stock market; international investors; cross listed ... See more keywords
Asymmetries and flight-to-safety effects in the price discovery process of cross-listed stocks
Sign Up to like & getrecommendations! Published in 2020 at "Economic Modelling"
DOI: 10.1016/j.econmod.2020.11.010
Abstract: Abstract What factors drive price discovery for cross-listed shares? Several significant variables were identified, but the literature assumes that their impact is symmetric throughout the distribution of information shares. Using data from 25 companies listed… read more here.
Keywords: discovery process; price; cross listed; flight safety ... See more keywords
Multi-market trading and liquidity: Evidence from cross-listed companies
Sign Up to like & getrecommendations! Published in 2017 at "Journal of International Financial Markets, Institutions and Money"
DOI: 10.1016/j.intfin.2017.09.015
Abstract: We examine the relationship between stock liquidity and the difference in domestic and foreign market prices for a sample of 650 international firms cross-listed on a U.S. stock exchange through either an American Depository Receipt… read more here.
Keywords: liquidity; trading liquidity; multi market; market trading ... See more keywords
Audit Fee Differential, Audit Effort, and Litigation Risk: An Examination of ADR Firms
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DOI: 10.1111/1911-3846.12238
Abstract: Prior studies find that audit fees are higher for cross†listed firms, and these studies primarily attribute the incremental fees to added litigation costs. In this study, we investigate whether the higher audit fees that… read more here.
Keywords: tats unis; audit; audit effort; cross listed ... See more keywords
Do Cross-Listed Firms Have a Better Governance Structure and Lower Agency Costs? Evidence from Chinese Firms
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DOI: 10.3390/su13041734
Abstract: This study examines whether an influence from a difference in corporate governance structure exists on firms’ agency costs between Chinese companies cross-listed on the Hong Kong Stock Exchange (HKSE) and those that are domestically listed… read more here.
Keywords: cross listed; governance; corporate governance; agency costs ... See more keywords