What Happens to Stocks that List Shares Abroad? A Survey of the Evidence and its Managerial Implications

The Adjustment of Stock Prices to New Information

1969 • 3,289 citations

A Theory of Intraday Patterns: Volume and Price Variability

1988 • 3,251 citations

Time‐Varying World Market Integration

1995 • 2,163 citations

Size and Book-to-Market Factors in Earnings and Returns

1995 • 1,045 citations

The World Price of Foreign Exchange Risk

1995 • 824 citations

Does industrial structure explain the benefits of international diversification?

1994 • 792 citations

On the Effects of Barriers to International Investment

1981 • 662 citations

Multimarket Trading and Market Liquidity

1991 • 634 citations

International capital market equilibrium with investment barriers

1974 • 570 citations

Characterizing World Market Integration through Time

2007 • 482 citations

International Asset Pricing under Mild Segmentation: Theory and Test

1985 • 372 citations

Private Information, Trading Volume, and Stock-Return Variances

1990 • 363 citations

International Listings and Stock Returns: Some Empirical Evidence

1988 • 347 citations

Asset Pricing and Dual Listing on Foreign Capital Markets: A Note

1987 • 321 citations

Time-Varying World Market Integration

1994 • 295 citations

The World Price of Foreign Exchange Risk

1995 • 289 citations

Foreign ownership restrictions and stock prices in the Thai capital market

1994 • 278 citations

Exchange Rate Fluctuations, Political Risk, and Stock Returns: Some Evidence from an Emerging Market

1995 • 275 citations

An Empirical Study of Selected Factors Influencing the Decision to List on Foreign Stock Exchanges

1988 • 270 citations

Asset Pricing in Partially Segmented Markets: Evidence from the Finnish Market

1989 • 266 citations

U.K. and U.S. Trading of British Cross-Listed Stocks: An Intraday Analysis of Market Integration

1996 • 266 citations

Industrial Structure and the Comparative Behavior of International Stock Market Indices

1992 • 264 citations

International Listings of Stocks: The Case of Canada and the U.S.

1993 • 248 citations

The impact of international cross listings on risk and return

1993 • 220 citations

Another Look at the Role of the Industrial Structure of Markets for International Diversification Strategies

1996 • 207 citations

Market Imperfections, Capital Market Equilibrium and Corporation Finance

1977 • 193 citations

Stock Exchange Listings, Firm Value, and Security Market Efficiency: The Impact of NASDAQ

1986 • 186 citations

Financial Disclosure Levels and Foreign Stock Exchange Listing Decisions

1992 • 164 citations

Testing for micro-structure effects of international dual listings using intraday data

1996 • 128 citations

Multimarket Trading and Liquidity: A Transaction Data Analysis of Canada U.S. Interlistings

1998 • 111 citations

Information, trading and stock returns: Lessons from dually-listed securities

1996 • 108 citations

The Stock Price Impacts of Overseas Listings

1987 • 103 citations

Stock Exchange Listings and Securities Returns

1977 • 102 citations

Valuation Effects of Foreign Company Listings on U.S. Exchanges

1996 • 101 citations

The impact of international listings on risk

1990 • 97 citations

A Model of International Asset Pricing with a Constraint on the Foreign Equity Ownership

1986 • 95 citations

ADRs

1987 • 88 citations

Market Segmentation and Stock Prices: Evidence from an Emerging Market

1997 • 85 citations

An empirical test of the efficiency of the ADR market

1983 • 75 citations

Disclosure Choices of Foreign Registrants in the United States

1996 • 65 citations

Foreign Stock Exchange Listings: A Case Study of Daimler‐Benz

1995 • 62 citations

Why Not Diversify Internationally With ADRs?

1993 • 49 citations

Financial Disclosure Levels and Foreign Stock Exchange Listing Decisions

1992 • 47 citations

Coping with International Accounting Diversity: Fund Managers' Views on Disclosure, Reconciliation, and Harmonization*

1992 • 42 citations

INTERNATIONAL LISTINGS, THE SECURITY MARKET LINE AND CAPITAL MARKET INTEGRATION: THE CASE OF US LISTINGS ON THE LONDON STOCK EXCHANGE

1993 • 38 citations

Price Movements of Newly Listed Common Stocks

1937 • 37 citations

International listings and risk

1993 • 37 citations

The Effects of Market Segmentation and Illiquidity on Asset Prices: Evidence from Foreign Stocks Listing in the US

1996 • 34 citations

Valuation effects of international listings

1992 • 29 citations

Trading hours, information flow, and international cross-listing

1995 • 24 citations

AN EXAMINATION OF INTERNATIONAL EQUITY MARKETS USING AMERICAN DEPOSITARY RECEIPTS (ADRs)

1995 • 19 citations

American Depositary Receipts: An Overview

1994 • 16 citations

Exchange Rate Fluctuations, Political Risk, and Stock Returns: Some Evidence from an Emerging Market

1995 • 13 citations

Foreign Equity Investment Restrictions and Shareholder Wealth Maximization

1992 • 5 citations

Foreign Equity Investment Restrictions and Shareholder Wealth Maximization

1992 • 1 citations