Doidge, Craig; Karolyi, G. Andrew; Stulz, Rene - Charles A. Dice Center for Research in Financial … - 2008
On March 21, 2007, the Securities and Exchange Commission (SEC) adopted Exchange Act Rule 12h-6 which makes it easier … for foreign private issuers to deregister and terminate the reporting obligations associated with a listing on a major U ….S. exchange. We examine the characteristics of 59 firms that immediately announced they would deregister under the new rules …