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The Effect of ADR & GDR Listing on Shareholder’s Wealth: Evidence from India

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  • Chakrapani Chaturvedula

Abstract

During the period January 2000 to December 2007, seventy nine companies raised capital through the ADR/GDR issues 99 times. This paper looks at the impact of ADR/GDR listing on shareholders wealth. Using an event study methodology and for the sample consisting of 13 ADR and 86 GDR listings the present study finds that ADR/GDR listing negatively effects shareholders wealth. The present study indicates that the potential drawbacks outweigh the benefits in international listing in Indian markets in the short run.

Suggested Citation

  • Chakrapani Chaturvedula, 2018. "The Effect of ADR & GDR Listing on Shareholder’s Wealth: Evidence from India," Accounting and Finance Research, Sciedu Press, vol. 7(2), pages 174-174, May.
    • Handle: RePEc:jfr:afr111:v:7:y:2018:i:2:p:174
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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