International Cross-Listing and the Bonding Hypothesis

The authors describe a new view of cross-listing that links the impact on firm valuation to the firm's ability to develop an active secondary market for its shares in the U.S. markets. Contrary to previous research, cross-listing may not provide benefits for all firms, even when those firms mee...

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Bibliographic Details
Main Authors: SEGAL, Dan, King, Michael
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2004
Subjects:
Online Access:https://ink.library.smu.edu.sg/soa_research/815
https://ink.library.smu.edu.sg/context/soa_research/article/1814/viewcontent/SSRN_id555953.pdf
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Institution: Singapore Management University
Language: English
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