The market reaction to international cross-listings: evidence from Depositary Receipts

A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity

1980 • 25,774 citations

Corporate financing and investment decisions when firms have information that investors do not have

1984 • 18,167 citations

Using daily stock returns

1985 • 6,463 citations

A Simple Model of Capital Market Equilibrium with Incomplete Information

1987 • 5,293 citations

Asset pricing and the bid-ask spread

1986 • 5,250 citations

Time‐Varying World Market Integration

1995 • 2,163 citations

International Asset Pricing under Mild Segmentation: Theory and Test

1985 • 956 citations

Seasoned equity offerings

1986 • 943 citations

Equity ownership concentration and firm value

1989 • 899 citations

On the Effects of Barriers to International Investment

1981 • 662 citations

A Comparison of the Value-Relevance of U.S. Versus Non-U.S. GAAP Accounting Measures Using Form 20-F Reconciliations

1993 • 502 citations

Integration vs. Segmentation in the Canadian Stock Market

1986 • 436 citations

The Effect of Market Segmentation and Illiquidity on Asset Prices: Evidence from Exchange Listings

1994 • 432 citations

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

1986 • 350 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

How Different Is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues

1996 • 293 citations

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

1989 • 266 citations

MARKET IMPERFECTIONS, CAPITAL MARKET EQUILIBRIUM AND CORPORATION FINANCE

1977 • 257 citations

The impact of international cross listings on risk and return

1993 • 220 citations

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

1986 • 186 citations

Portfolio Investment in Developing Countries

1993 • 102 citations

Stock Exchange Listings and Securities Returns

1977 • 102 citations

NEW LISTINGS AND THEIR PRICE BEHAVIOR

1970 • 90 citations

Debt or Equity?: How Firms in Developing Countries Choose

1994 • 74 citations

An Analysis of the Wealth Effects of Japanese Offshore Dollar-Denominated Convertible and Warrant Bond Issues

1995 • 65 citations

A Trading Strategy for New Listings on the NYSE

1984 • 38 citations

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

1996 • 34 citations