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Adr Effects On Domestic Latin Maerica Financial Market

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  • Mendiola, Alfredo

    (Universidad ESAN (PerĂº))

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    Abstract

    The purpose of this paper is to revisit and extend previous research work that examines the ADR-listing effects on the trading process of all the domestically-listed stocks in the main Latin American exchanges. The most important result is consistent with the idea of a greater isolation(from global markets) of the singly-listed stocks in the post-cross-listing period. These results persist over the cross-listing months. As expected, the cross-listed stocks become more integrated in the post-cross listing period.

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    File URL: http://www.esan.edu.pe/publicaciones/2010/06/02/03.pdf
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    Bibliographic Info

    Article provided by Universidad ESAN in its journal Journal of Economics, Finance and Administrative Science.

    Volume (Year): 15 (2010)
    Issue (Month): 28 ()
    Pages: 45-64

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    Handle: RePEc:ris:joefas:0015

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    Keywords: International finance; economic integration;

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