Adr Effects On Domestic Latin Maerica Financial Market
AbstractThe 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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Bibliographic InfoArticle provided by Universidad ESAN in its journal Journal of Economics, Finance and Administrative Science.
Volume (Year): 15 (2010)
Issue (Month): 28 ()
International finance; economic integration;
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