The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation write by Michael R. King. This book was released on 2013. The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation available in PDF, EPUB and Kindle. The widening of a foreign firm's U.S. investor base and the improved information environment associated with cross-listing on a U.S. exchange are distinct effects. Valuations of Canadian firms peak in the year of cross-listing and fall monotonically thereafter, irregardless of the level of U.S. investor holdings or the ownership structure of the firm. Cross-listed firms with a 20%+ blockholder attract a similar number of U.S. institutional investors as widely-held firms on average, but experience a lower increase in valuation at high levels of investor recognition. While U.S. investors are less willing to invest in firms with dual-class shares, these firms benefit more from cross-listing even when they fail to widen their U.S. investor base, suggesting that the reduction in information asymmetry between controlling and minority investors has a separate impact on valuation for firms where agency problems are greatest.
The Long-term Effects of Cross-listing, Investor Recognition, and Ownership Structure on Valuation
The Long-term Effects of Cross-listing, Investor Recognition, and Ownership Structure on Valuation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Long-term Effects of Cross-listing, Investor Recognition, and Ownership Structure on Valuation write by Michael R. King. This book was released on 2006. The Long-term Effects of Cross-listing, Investor Recognition, and Ownership Structure on Valuation available in PDF, EPUB and Kindle. The authors show that the widening of a foreign firm's U.S. investor base and the improved information environment associated with cross-listing on a U.S. exchange each have a separately identifiable effect on a firm's valuation. The increase in valuation associated with cross-listing is transitory, not permanent. Valuations of Canadian firms peak in the year of cross-listing and fall monotonically thereafter, regardless of the level of U.S. investor holdings or the ownership structure of the firm.
Long-term Effects of Cross-linking, Investor Recognition, and Ownership Structure on Valuation
Long-term Effects of Cross-linking, Investor Recognition, and Ownership Structure on Valuation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Long-term Effects of Cross-linking, Investor Recognition, and Ownership Structure on Valuation write by Bank of Canada. This book was released on 2006. Long-term Effects of Cross-linking, Investor Recognition, and Ownership Structure on Valuation available in PDF, EPUB and Kindle.
Reconceptualising Global Finance and its Regulation
Reconceptualising Global Finance and its Regulation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Reconceptualising Global Finance and its Regulation write by Ross P. Buckley. This book was released on 2016-03-11. Reconceptualising Global Finance and its Regulation available in PDF, EPUB and Kindle. Taking stock of the 2008 global financial crisis, this book provides 'outside the box' solutions for reforming international financial regulation.
The Evidence and Impact of Financial Globalization
The Evidence and Impact of Financial Globalization - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Evidence and Impact of Financial Globalization write by . This book was released on 2012-12-31. The Evidence and Impact of Financial Globalization available in PDF, EPUB and Kindle. The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere. Substantial articles by top scholars sets this volume apart from other information sources Rapidly developing subjects will interest readers well into the future Reader demand and lack of competitors underline the high value of these reference works
