As new equity markets continue to emerge worldwide, the topic area of stock exchange
listings has sparked interest among financial scholars and corporate managers alike. In this …

International multiple listing offers a unique opportunity to study the efficiency of information
transmission across national markets. The knowledge gained from observing a stock of the …

We investigate the profitability of contrarian investment strategies for equities listed on the
Hong Kong Stock Exchange (HKEX), which are separated into cross-listed firms and firms …

Although many theoretical papers support the hypothesis that overseas listings have a
positive effect on stockholders' wealth, a few empirical studies cast doubts on this …

Prior research on the market behavior around listing on a national exchange shows that
stock prices rise before listing but decline significantly afterward. There is no fully satisfactory …

New evidence is presented on pricing efficiency in the market for wagering on sporting
events. Data from the National Basketball Association for 1989-1990 and 1990-1991 …

The eleven articles that make up this issue of the Journal share a common theme: they
present empirical work on the behavior of common stock prices in different equity markets …

The impact of issuing American Depository Receipts on the wealth of Latin American
shareholders has been rarely discussed in the specialized literature. The Event Study …

Page 1 GABLER EDITION WISSENSCHAFT Empirische Finanzmarktforschung/Empirical
Finance Hrsg.: Jan Pieter Krahnen und Richard Stehle Carl-Heinrich Kehr Preisfindung bei …

The rapid internationalization of capital markets in recent times has manifested itself in
mobility of equity investment as well as in a growing number of foreign crosslistings. The …