Why Do Companies List Shares Abroad
DOWNLOAD
FREE 30 Days
Download Why Do Companies List Shares Abroad PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Why Do Companies List Shares Abroad book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Why Do Companies List Shares Abroad
DOWNLOAD
FREE 30 Days
Author : G. Andrew Karolyi
language : en
Publisher:
Release Date : 1998
Why Do Companies List Shares Abroad written by G. Andrew Karolyi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Securities categories.
Discussion Of The Empirical Evidence Regarding The Merit Of Companies Cross Listing Their Shares On Foreign Equity Markets
DOWNLOAD
FREE 30 Days
Author : Matthias Hilgert
language : en
Publisher: GRIN Verlag
Release Date : 2005-05-02
Discussion Of The Empirical Evidence Regarding The Merit Of Companies Cross Listing Their Shares On Foreign Equity Markets written by Matthias Hilgert and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-05-02 with Business & Economics categories.
Essay from the year 2005 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: very good (UK: grade A), University of Glasgow (Department of Accounting and Finance), course: International Financial Management, language: English, abstract: Some non-American companies benefit from a US-listing and others do not even cross-list in the US. Several empirical studies show that foreign companies, which are listed in the US, are worth more. However, less than one out of 10 large public non-American companies float their shares in the US (Doidge et al., 2004). Why is cross-listing beneficial to some companies and not to others? In 1997 more than 4,700 companies were internationally cross-listed. But, during the past several years this number decreased significantly by 50% to 2,300 (end of 2002) companies (Karolyi, 2004). Today more and more foreign companies acknowledge that they cannot cross-list in the US. Moreover, some companies admit that they are no longer even willing to cross-list, because of the high costs and strict requirements (Economist, 2005). Still, there must be a benefit for some to cross-list. A number of studies point out that the benefits regarding cross-listing include a lower cost of capital, access to foreign capital markets, an extended global shareholder base, greater liquidity in the trading of shares, publicity, visibility and prestige. On the other hand, these companies face costs, which might erode the benefits. Typical costs associated with a US-listing are the SECreporting, reconciliation of financial statements with home and foreign standards, direct listing costs, compliance requirements, exposure to legal liabilities, taxes and various trading frictions as well as investment banking fees (Karolyi, 2004 and Doidge et al., 2004). This essay aims to examine the empirical evidence regarding the merit of cross-listing shares on foreign equity markets, especially listing shares in the US. First, it critically reviews the conventional wisdom. Secondly, it examines the new approach of the cross-listing premium. Finally, it ends with a summary of this project and my own opinions.
Why Do Companies List Shares Abroad
DOWNLOAD
FREE 30 Days
Author : G. Andrew Karolyi
language : en
Publisher: London : Richard Ivey School of Business, University of Western Ontario
Release Date : 1997
Why Do Companies List Shares Abroad written by G. Andrew Karolyi and has been published by London : Richard Ivey School of Business, University of Western Ontario this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
What Happens To Stocks That List Shares Abroad
DOWNLOAD
FREE 30 Days
Author : G. Andrew Karolyi
language : en
Publisher: London : Richard Ivey School of Business, University of Western Ontario
Release Date : 1996
What Happens To Stocks That List Shares Abroad written by G. Andrew Karolyi and has been published by London : Richard Ivey School of Business, University of Western Ontario this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Securities categories.
Listing On Foreign Stock Exchanges
DOWNLOAD
FREE 30 Days
Author : Arja Laakso
language : en
Publisher:
Release Date : 1993
Listing On Foreign Stock Exchanges written by Arja Laakso and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Securities categories.
The World S First Stock Exchange
DOWNLOAD
FREE 30 Days
Author : Lodewijk Petram
language : en
Publisher: Columbia University Press
Release Date : 2014-05-27
The World S First Stock Exchange written by Lodewijk Petram and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-27 with Business & Economics categories.
This account of the sophisticated financial hub that was 17th-century Amsterdam “does a fine job of bringing history to life” (Library Journal). The launch of the Dutch East India Company in 1602 initiated Amsterdam’s transformation from a regional market town into a dominant financial center. The Company introduced easily transferable shares, and within days buyers had begun to trade them. Soon the public was engaging in a variety of complex transactions, including forwards, futures, options, and bear raids, and by 1680 the techniques deployed in the Amsterdam market were as sophisticated as any we practice today. Lodewijk Petram’s award-winning history demystifies financial instruments by linking today’s products to yesterday’s innovations, tying the market’s operation to the behavior of individuals and the workings of the world around them. Traveling back in time, Petram visits the harbor and other places where merchants met to strike deals. He bears witness to the goings-on at a notary’s office and sits in on the consequential proceedings of a courtroom. He describes in detail the main players, investors, shady characters, speculators, and domestic servants and other ordinary folk, who all played a role in the development of the market and its crises. His history clarifies concerns that investors still struggle with today—such as fraud, the value of information, trust and the place of honor, managing diverging expectations, and balancing risk—and does so in a way that is vivid, relatable, and critical to understanding our contemporary world.
Why Do Foreign Firms Leave Us Equity Markets
DOWNLOAD
FREE 30 Days
Author : Craig Doidge
language : en
Publisher:
Release Date : 2008
Why Do Foreign Firms Leave Us Equity Markets written by Craig Doidge and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Corporations, Foreign categories.
On March 21, 2007, the Securities and Exchange Commission (SEC) adopted Exchange Act Rule 12h-6 which makes it easier for foreign private issuers to deregister and terminate the reporting obligations associated with a listing on a major U.S. exchange. We examine the characteristics of 59 firms that immediately announced they would deregister under the new rules, their potential motivations for doing so, as well as the economic consequences of their decisions. We find that these firms experienced significantly slower growth and lower stock returns than other U.S. exchange-listed foreign firms in the years preceding the decision. There is weak evidence that firms experience negative stock returns when they announce deregistration and stronger evidence that the stock-price reaction is worse for firms with higher growth. When we examine stock-price reactions around events associated with the passage of the Sarbanes-Oxley Act (SOX), we find negative average stock-price reactions with some specifications but not others. Further, there is no evidence that deregistering firms were affected more negatively by SOX than foreign-listed firms that did not deregister. Our evidence supports the hypothesis that foreign firms list shares in the U.S. in order to raise capital at the lowest possible cost to finance growth opportunities and that, when those opportunities disappear, a listing becomes less valuable to corporate insiders so that firms are more likely to deregister and go home.
Trading Company Shares At Multiple Stock Exchanges Costs And Benefits Of U S Cross Listings
DOWNLOAD
FREE 30 Days
Author : Laura Kalinska
language : en
Publisher: GRIN Verlag
Release Date : 2016-05-10
Trading Company Shares At Multiple Stock Exchanges Costs And Benefits Of U S Cross Listings written by Laura Kalinska and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-10 with Business & Economics categories.
Bachelor Thesis from the year 2015 in the subject Business economics - Investment and Finance, grade: 96/110, , course: Principles of International Finance, language: English, abstract: This thesis project aims to test the hypothesis whether or not there exists enough empirical evidence to prove that companies from developed countries with well-functioning capital markets have seen deteriorating benefits from cross-listing in the United States. We find evidence that support our hypothesis in light of the significant number of European companies terminat-ing their U.S. cross-listings after requirements for deregistering listings from the U.S. became less stringent in the year 2007. The trend also continued with the number of cross-listings by companies from the developed world steadily declining during the subsequent five years. The most cited reasons for cross-listing in the United States, such as greater access to investors, liquidity, a higher valuation and thus a lower cost of capital seems not to hold as strongly anymore. At least not for companies that come from countries where its capital markets have experienced a steady development in corporate governance standards so as to match that of the United States. Evidence point to the fact that the benefits that held for all non U.S. firms still hold strongly only for those companies coming from emerging economies and whose equity market standards are still well below that of stock exchanges in the United States.
Control Your Cash
DOWNLOAD
FREE 30 Days
Author : Greg McFarlane
language : en
Publisher: Greg McFarlane Betty Kincaid
Release Date : 2010-06
Control Your Cash written by Greg McFarlane and has been published by Greg McFarlane Betty Kincaid this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06 with Business & Economics categories.
"A 14% credit card rate! What a deal!" "Where it says 'adjustable' here on my mortgage - that means 'fixed', right?" "Work until I retire, then collect Social Security. That's my wealth plan." If you've ever wondered how your money works, where it goes or how it grows, stop wondering. "Control Your Cash: Making Money Make Sense" deconstructs personal finance so that everyone but the hopelessly inept can understand it. Inside the book, you'll learn: [ how to get your bank accounts, credit cards and other financial instruments to work for you, and not the other way around [ the right way to buy a car (i.e. with the salesman cursing your name as you drive away) [ where and how to invest, and what all those symbols, charts and graphs mean [ how to turn expenses into income, and stop living paycheck-to-paycheck [ whom the tax system is stacked against (hint: it's most of us) and how to use that to your advantage [ the very key to wealth itself. In fact, the authors thought it was so important they put it on the cover so you can read it even if you're too cheap to buy the book: Buy assets, sell liabilities. Finally, a book that explains personal finance not only in layman's terms, but in detail. If you can read, and have any capacity for self-discipline, invest a few bucks in "Control Your Cash" now and reap big financial rewards for the rest of your life.
Nyse Ipo Guide
DOWNLOAD
FREE 30 Days
Author : Stacey Cunningham
language : en
Publisher:
Release Date : 2021-04-15
Nyse Ipo Guide written by Stacey Cunningham and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-15 with categories.
The New York Stock Exchange's officially-branded IPO Guide