Cross-Listings and Corporate Cash Savings: International Evidence

This paper examines foreign firms that are cross-listed on the U.S. stock exchanges and finds that they exhibit higher cash savings sensitivity to stock price than their non-cross-listed counterparts. This finding is robust even after controlling for alternative regression specifications and samples...

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Bibliographic Details
Main Author: KUSNADI, Yuanto
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
Subjects:
Online Access:https://ink.library.smu.edu.sg/soa_research/1404
https://ink.library.smu.edu.sg/context/soa_research/article/2403/viewcontent/480264_ADR_Manuscript.pdf
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Institution: Singapore Management University
Language: English
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