Schaub, Mark - In: Asian Economic and Financial Review 4 (2014) 1, pp. 58-67
The long-term excess returns for Asia Pacific ADRs listed on the NYSE from 1990 through 2009 are tested to determine differences in performance and evidence of decade-long market timing effects. While the overall sample outperformed the S&P 500 Index during the first 36 months of trading by...