Drivers of Cross-listing

Drivers of Cross-listing PDF Author: Constance Antonia Wegscheider
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
Obwohl das wachsende Interesse an Cross-Listings in der ganzen Welt zu einer langen Debatte unter Akademikern und Praktikern über die Motive für Cross-Listings geführt hat, wurde den Firmen bezogene Motiven bisher wenig Aufmerksamkeit geschenkt. In dieser Studie wird der Frage nachgegangen, ob Faktoren, die die Leistung eines Unternehmens in einem Schwellenland beeinflussen, dessen Entscheidung für ein Cross-Listing auf dem US-Kapitalmarkt beeinflussen. Um die Hypothese zu testen, dass multinationale Unternehmen mit Wachstumschancen in den Vereinigten Staaten ihre Aktien zweitnotieren, wurden Echtzeitdaten von 278 Unternehmen aus verschiedenen Schwellenländern erhoben. Ein logistisches Regressionsmodell ergab, dass diese Unternehmen in den Vereinigten Staaten zweitnotiert sind, um die für ihr Wachstum erforderlichen Investitionsprojekte zu finanzieren. Das Ergebnis zeigt, dass die Theorien der bisherigen Literatur zu den Motiven für Cross-Listing auch nach mehr als einem Jahrzehnt noch gültig sind und dass Lücken in wenig erforschten Bereichen geschlossen werden können.*****Although the growing interest in cross-listings around the world has led to a long debate among academics and practitioners about the motive for cross-listing, little attention has been paid to firm-related motives. The question pursued in this study if factors that direct the performance of an emerging market firm affect their decision to cross-list in the US capital market. To test the hypothesis that multinational enterprises with growth opportunities cross-list in the United States, real-time data were collected from 278 firms across various emerging markets. A logistic regression model revealed that these firms cross-listed in the United States to finance investment projects required for their growth. The outcome shows that the theories of previous literatures regarding the motives for cross-listing are valid after more than a decade and that gaps can be filled in little-researched areas.

Drivers of Cross-listing

Drivers of Cross-listing PDF Author: Constance Antonia Wegscheider
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
Obwohl das wachsende Interesse an Cross-Listings in der ganzen Welt zu einer langen Debatte unter Akademikern und Praktikern über die Motive für Cross-Listings geführt hat, wurde den Firmen bezogene Motiven bisher wenig Aufmerksamkeit geschenkt. In dieser Studie wird der Frage nachgegangen, ob Faktoren, die die Leistung eines Unternehmens in einem Schwellenland beeinflussen, dessen Entscheidung für ein Cross-Listing auf dem US-Kapitalmarkt beeinflussen. Um die Hypothese zu testen, dass multinationale Unternehmen mit Wachstumschancen in den Vereinigten Staaten ihre Aktien zweitnotieren, wurden Echtzeitdaten von 278 Unternehmen aus verschiedenen Schwellenländern erhoben. Ein logistisches Regressionsmodell ergab, dass diese Unternehmen in den Vereinigten Staaten zweitnotiert sind, um die für ihr Wachstum erforderlichen Investitionsprojekte zu finanzieren. Das Ergebnis zeigt, dass die Theorien der bisherigen Literatur zu den Motiven für Cross-Listing auch nach mehr als einem Jahrzehnt noch gültig sind und dass Lücken in wenig erforschten Bereichen geschlossen werden können.*****Although the growing interest in cross-listings around the world has led to a long debate among academics and practitioners about the motive for cross-listing, little attention has been paid to firm-related motives. The question pursued in this study if factors that direct the performance of an emerging market firm affect their decision to cross-list in the US capital market. To test the hypothesis that multinational enterprises with growth opportunities cross-list in the United States, real-time data were collected from 278 firms across various emerging markets. A logistic regression model revealed that these firms cross-listed in the United States to finance investment projects required for their growth. The outcome shows that the theories of previous literatures regarding the motives for cross-listing are valid after more than a decade and that gaps can be filled in little-researched areas.

What's Driving Cross-listing Effects?

What's Driving Cross-listing Effects? PDF Author: Steven S. Crawford
Publisher:
ISBN:
Category : Investments, Foreign
Languages : en
Pages : 182

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Book Description


International Cross-Listing of Chinese Firms

International Cross-Listing of Chinese Firms PDF Author: Liu, Lixian
Publisher: IGI Global
ISBN: 1466650486
Category : Business & Economics
Languages : en
Pages : 380

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Book Description
While many nations are still struggling from the global financial crisis and regaining their financial security, investors are considering alternative options for investing their money; and the secure financial sector is China appears as a viable option. International Cross-Listing of Chinese Firms examines the successful techniques and strategies that Chinese companies are using within their financial practices. It highlights the foreign-based multinational enterprise theories related to the major international stock markets. By providing the latest theories and research, this book will be beneficial for business practitioners, researchers, and managers interested in the relationship between cross-listing and firm valuation of Chinese firms.

The Oxford Handbook of Corporate Law and Governance

The Oxford Handbook of Corporate Law and Governance PDF Author: Jeffrey N. Gordon
Publisher: Oxford University Press
ISBN: 0191061409
Category : Law
Languages : en
Pages : 900

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Book Description
Corporate law and corporate governance have been at the forefront of regulatory activities across the world for several decades now, and are subject to increasing public attention following the Global Financial Crisis of 2008. The Oxford Handbook of Corporate Law and Governance provides the global framework necessary to understand the aims and methods of legal research in this field. Written by leading scholars from around the world, the Handbook contains a rich variety of chapters that provide a comparative and functional overview of corporate governance. It opens with the central theoretical approaches and methodologies in corporate law scholarship in Part I, before examining core substantive topics in corporate law, including shareholder rights, takeovers and restructuring, and minority rights in Part II. Part III focuses on new challenges in the field, including conflicts between Western and Asian corporate governance environments, the rise of foreign ownership, and emerging markets. Enforcement issues are covered in Part IV, and Part V takes a broader approach, examining those areas of law and finance that are interwoven with corporate governance, including insolvency, taxation, and securities law as well as financial regulation. The Handbook is a comprehensive, interdisciplinary resource placing corporate law and governance in its wider context, and is essential reading for scholars, practitioners, and policymakers in the field.

A Review of IR Practices in Bahrain

A Review of IR Practices in Bahrain PDF Author: Mohamed Isa
Publisher: eBookIt.com
ISBN: 1456604120
Category : Business & Economics
Languages : en
Pages : 79

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Book Description
- Do you want to develop better relationships with your shareholders? - Do you want to improve your company website? - Do you want to engage better with the financial community? - Do you want to increase the market capitalization of your company? - Do you want to benchmark your Investor Relations Practices against your peers? If you answered, yes to any of the above questions, then you came to the right place! A Review of IR Practices in Bahrain provides pragmatic tools and insights on improving Investor Relations Practices that will hopefully support your company in achieving its ultimate objective of maximizing the shareholders' wealth. The book offers advice on improving your company website, press releases, Annual General Assembly Meeting, independent research coverage and much more!

The Governance and Regulation of International Finance

The Governance and Regulation of International Finance PDF Author: Fabrizio Cafaggi
Publisher: Edward Elgar Publishing
ISBN: 0857939483
Category : Business & Economics
Languages : en
Pages : 220

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Book Description
ÔThe publication of this book could hardly be more timely; it fills a gap in present-day discussion of the reasons for the recent ongoing financial crises, and who was responsible. The balance between the governance and regulation of the international finance market underpins how securely we proceed into the future. At a time when sovereign defaults dominate public discussion, this issue is of quintessential importance. The editors are to be congratulated for this important publication.Õ Ð Christoph Paulus, Humbolt University of Berlin, Germany This thought-provoking book adds a new perspective to the analysis of how regulation should respond to the global financial crisis of 2008Ð2009. It focuses on the ÔprivateÕ as opposed to ÔpublicÕ aspect of regulation, and highlights the works of the publicÐprivate dialectic in regulation and enforcement. The expert authors examine what is perhaps the single most important sector in which public and private regulation and enforcement intersect: the arena of banking and global finance. The detailed analysis of these particular areas of finance thus provides a means for investigating aspects of the important topic of private regulation and enforcement in financial markets. A number of pertinent questions are addressed, including: How does private regulation and enforcement enhance or detract from the legitimacy of the process by which these market segments are managed and controlled? How does private regulation and enforcement manifest independence of action and judgment, as compared with public regulation? How does private regulation and enforcement measure up along dimensions of quality, relative to public regulation? and, finally, What forms of accountability characterize private as opposed to public regulation and enforcement? Illustrating the works of the publicÐprivate dialectic in regulation and enforcement, this challenging book will prove a fascinating read for academics, scholars and practitioners with an interest in regulation and governance issues, and in financial and banking law.

Regional Financial Integration in Africa: Cross-listings as a Form of Regional Financial Integration

Regional Financial Integration in Africa: Cross-listings as a Form of Regional Financial Integration PDF Author: Moses Wisdom Chisadza
Publisher: Anchor Academic Publishing (aap_verlag)
ISBN: 3954892219
Category : Social Science
Languages : en
Pages : 117

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Book Description
This book looks at contemporary issues facing financial markets in Southern Africa. It has been established that African stock markets are confronted with a multitude of problems which include inadequate liquidity, low capitalisation, few market participants, a small number of listed companies and low trading volumes. As a result, their broader economic impact has so far been limited. The Southern Africa Development Community (‘SADC’) stock markets, with the exception of South Africa, are small both in terms of the number of listed companies and market capitalisation, and they display considerable illiquidity. In general, the SADC region has shallow and underdeveloped financial markets. Their development has been hampered by a number of factors which include; political and economic uncertainty, fiscal dominance, weak judicial institutions, limited investment opportunities in the private sector, technological constraints, and the shortage of skilled personnel with expertise in banking and finance.

Driving Results Through Social Networks

Driving Results Through Social Networks PDF Author: Robert L. Cross
Publisher: John Wiley & Sons
ISBN: 0470392495
Category : Business & Economics
Languages : en
Pages : 246

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Book Description
Driving Results Through Social Networks shows executives and managers how to obtain substantial performance and innovation impact by better leveraging these traditionally invisible assets. For the past decade, Rob Cross and Robert J. Thomas have worked closely with executives from over a hundred top-level companies and government agencies. In this groundbreaking book, they describe in-depth how these leaders are using network thinking to increase revenues, lower costs, and accelerate innovation.

The Convergence of Corporate Governance

The Convergence of Corporate Governance PDF Author: Abdul Rasheed
Publisher: Springer
ISBN: 1137029560
Category : Business & Economics
Languages : en
Pages : 289

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Book Description
Takes readers through an in-depth examination of many leading industrialized nations and identifies both the drivers that propel corporations towards convergence and the major impediments that stand in the way of convergence. Also examines many mechanisms of convergence such as governance codes, MNCs, and IPOs.

Advances in Traffic Transportation and Civil Architecture

Advances in Traffic Transportation and Civil Architecture PDF Author: Run Liu
Publisher: CRC Press
ISBN: 1000936783
Category : Technology & Engineering
Languages : en
Pages : 1310

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Book Description
Advances in Traffic Transportation and Civil Architecture focuses on the research of traffic infrastructure. This proceedings gathers the most cutting-edge research and achievements, aiming to provide scholars and engineers with a preferable research direction and engineering solutions as reference. Subjects in this proceedings include: - Road Engineering - Bridge Engineering - Tunneling - Construction Technology and Processes The works of this proceedings aim to promote the development of civil engineering and construction technology. Thereby, promote scientific information interchange between scholars from the top universities, research centers and high-tech enterprises working all around the world.