Market segmentation and equity valuation: Comparing Canada and the United States
We confirm that Canadian and U.S. equity markets remain segmented and find no evidence that integration is increasing over time. We establish this result by comparing the valuation multiples assigned to the equity of Canadian firms listed exclusively in the home market with a matched sample of U.S....
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2008
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/813 http://dx.doi.org/10.1016/j.intfin.2006.10.003 |
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| Institution: | Singapore Management University |
| Language: | English |
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