The Choice of Trading Venue and Relative Price Impact of Institutional Trading: ADRs versus the Underlying Securities in their Local Markets

We address two important themes associated with institutions’ trading in foreign markets: (1) the choice of trading venues (between a company's listing in its home market and that in the United States as an American Depositary Receipt [ADR]) and (2) the comparison of trading costs across the tw...

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Bibliographic Details
Main Authors: Chakravarty, Sugato, CHIYACHANTANA, Chiraphol New, Jiang, Christine
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3177
https://doi.org/10.1111/j.1475-6803.2011.01298.x
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Institution: Singapore Management University
Language: English