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Adr Effects On Domestic Latin Maerica Financial Market

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  • Mendiola, Alfredo

    (Universidad ESAN (Perú))

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.

Suggested Citation

  • Mendiola, Alfredo, 2010. "Adr Effects On Domestic Latin Maerica Financial Market," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 15(28), pages 45-64.
    • Handle: RePEc:ris:joefas:0015
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    References listed on IDEAS

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