The long-term effects of cross-listing, investor recognition, and ownership structure on valuation

• المؤلفون الرئيسيون: KING, Michael R., SEGAL, Dan
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2009
• الموضوعات: equity valuation; international cross-listing; investor recognition; institutional investors; ownership structure; Accounting; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/803; https://ink.library.smu.edu.sg/context/soa_research/article/1802/viewcontent/The_Long_Term_Effects_of_Cross_Listing.pdf
• المؤسسة: Singapore Management University

We show that investor recognition and bonding associated with a U.S. cross-listing are distinct effects using a sample of Canadian firms. In contrast to the post-listing decline documented in the literature, we find that cross-listed firms with a single class of shares enjoy a permanent increase in...