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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Main Authors: | Chakravarty, Sugato, CHIYACHANTANA, Chiraphol New, Jiang, Christine |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2011
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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 |
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