Hwang, Jyh-Dean - In: Eurasian Business Review 3 (2013) 2, pp. 137-163
This article investigates if there are valuation and operating performance gains from international cross listing, using a sample of 55 Taiwanese firms that instituted deposit receipt (DR) programs in the US, the UK and Luxemburg from 1992 to 2009. We find that Tobin’s q, stock returns and...