ADR Effects on Domestic Latin American Financial Market
Author | : Alfredo M. Mendiola |
Publisher | : |
Total Pages | : 20 |
Release | : 2014 |
ISBN-10 | : OCLC:1308961942 |
ISBN-13 | : |
Rating | : 4/5 (42 Downloads) |
Download or read book ADR Effects on Domestic Latin American Financial Market written by Alfredo M. Mendiola and published by . This book was released on 2014 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to revisit and extend previous research work that examines the ADR-listing effects on the trading process of all the domestically-listed stocks in the main Latin American exchanges. The most important result is consistent with the idea of a greater isolation (from global markets) of the singly-listed stocks in the post-cross-listing period. These results persist over the cross-listing months. As expected, the cross-listed stocks become more integrated in the post-cross listing period.