O'Connor, Thomas - In: International Journal of Accounting and Finance 4 (2014) 3, pp. 209-239
Using the IFC investable measure to designate firms as either investable or non-investable prior to cross-listing, this paper shows Level 2/3 cross-listing firms that were previously non-investable enjoy the largest 'cross-listing premia'. Since previously non-investable firms are likely to...