Why do firms cross‐list their shares on foreign exchanges? A review of cross‐listing theories and empirical evidence

O Dodd - Review of Behavioural Finance, 2013 - emerald.com
Purpose–Financial markets' integration and technological advances in equity trading may
have reduced the potential benefits from listing a firm's shares on a foreign exchange …

Mapping the intellectual structure and demystifying the research trend of cross listing: a bibliometric analysis

S Batra, M Saini, M Yadav, V Aggarwal - Managerial Finance, 2022 - emerald.com
Mapping the intellectual structure and demystifying the research trend of cross listing: a
bibliometric analysis | Emerald Insight Books and journals Case studies Expert Briefings Open …

Does cross-listing in the US improve investment efficiency? Evidence from UK firms

AL Abed, W Abdallah - The Quarterly Review of Economics and Finance, 2019 - Elsevier
We examine whether managers of cross-listed firms improve corporate investment efficiency
through learning from the stock market upon cross-listing. Using a sample of UK firms cross …

Accounting conservatism and corporate cross-listing: The mediating effect of the corporate governance

M Mrad - Cogent Economics & Finance, 2022 - Taylor & Francis
The purpose of this paper is to investigate the relationship between accounting
conservatism and companies' cross-listing decision and the mediating role of the corporate …

What makes the bonding stick? A natural experiment testing the legal bonding hypothesis

AN Licht, C Poliquin, JI Siegel, X Li - Journal of Financial Economics, 2018 - Elsevier
We use a US Supreme Court case, Morrison v. National Australia Bank (2010), as a natural
experiment to test the legal bonding hypothesis. By decreasing the potential liability of US …

Cross-listing and value creation

I Ghadhab, S Hellara - Journal of Multinational Financial Management, 2016 - Elsevier
This paper examines the effect of cross-listing and additional cross-listing on firm value for a
unique and comprehensive sample of firms listed abroad. Using an event study …

Does US cross-listing come with incremental benefit for already UK cross-listed firms

I Ghadhab, M M'rad - The Quarterly Review of Economics and Finance, 2018 - Elsevier
The aim of this paper is twofold. First, we try to understand the reasons that explain the
decision made by companies with UK cross-listing to cross-list their shares in the US …

What premiums do target shareholders expect? Explaining negative returns upon offer announcements

JS Ang, AK Ismail - Journal of Corporate Finance, 2015 - Elsevier
We find, in a sample of 7581 merger offer announcements from 1990 to 2013, shareholders
of 1283 (or 17%) target firms responded to the offer with negative market returns. These …

The effect of additional foreign market presence on the trading volume of cross-listed/traded stocks

I Ghadhab - Journal of Multinational Financial Management, 2016 - Elsevier
This paper aims to address an unanswered question about the effect of additional foreign
market presence on the trading volume of cross-listed/traded firms. Using a unique and …

The determinants of foreign trading volume of stocks listed in multiple markets

O Dodd, C Louca, K Paudyal - Journal of Economics and Business, 2015 - Elsevier
We examine the determinants of the foreign trading volume of European stocks listed in
multiple markets. The results suggest that stocks that cross-list in foreign markets that are …