Level of Economic Development of a Firms Country of Domicile and the Patterns in Stock Market Reaction Surrounding US Earnings Announcements: A Test of the Global Market Segment Hypothesis
Using the level of economic development as a proxy for the degree of capital market segmentation, this study tests the global market segmentation hypothesis, which predicts that the magnitude of the market's reaction to an earnings announcement of an American Depositary Receipt (ADR) firm will...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2003
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/13 http://dx.doi.org/10.2308/jiar.2003.2.1.23 |
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| Institution: | Singapore Management University |
| Language: | English |