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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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2014
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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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