THE DECLINING MARKET REACTION TO ADR ISSUERS IN EMERGING MARKETS
Current literature shows evidence ofthe gradual nature ofinternational market integration. This would suggest, at the company level, a general pattern of a declining marginal cost of capital effect for each subsequent firm issuing American Depositary Receipts from the same market. This study finds t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
2004-09-01
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| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150624123816-Y04XS.pdf |