This paper explores whether the effects of cross-listing on analyst following and forecast error differ among firms with different accounting standards. The results reveal a higher increase in the number of analysts for cross-listed firms that follow their home country's GAAP prior to...

We investigate how idiosyncratic and systematic effects impact the volatility risk of U.K. cross-listed stocks. Under the hypothesis that more stock followers enhance information effects on volatility, we examine whether variation in volatility of a cross-listed stock has in a bivariate setting...

This paper explains the choice of the cross-listing location with particular emphasis on the level of investor protection provided by the host market. We find that firms with concentrated control, with a higher level of risk and those with more pronounced financing needs cross-list on a market...

Purpose – The purpose of this paper is to compare foreign listings on regulated and unregulated exchanges, and civil and common-law companies to test the effects of cross-listing (CL) on the firm's number of analysts and the accuracy of their forecast. Design/methodology/approach – The study...

Using a modified international asset-pricing model we find strong evidence that publicly quoted firms cross-list when exhibiting strong performance in their domestic market and wish to take advantage of this situation. After cross-listing, this advantage disappears. Our sample consists of daily...

Although bank mergers have been a topic of ongoing research in the USA, particularly in view of reforms instituted by the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, the evidence on shareholder wealth effects in European bank mergers is thin. A key question is whether...

In this study, a doubly nested tide–surge interaction model was established for the coastal region of Bangladesh. A fine grid model, capable of incorporating all major offshore islands, was nested into a coarse grid model extending up to 15°N latitude of the Bay of Bengal. To take into...

Purpose – The paper seeks to examine the claim of EVA® advocates of its superiority as a financial metric compared with other measures. Design/methodology/approach – The paper uses a sample of 2,252 firm-year observations from the UK market and applies panel data regressions to test the...

We analyze 635 US M&A transactions from 1985 to 2004. In contrast with prior research, we distinguish between the target and acquirer fees, and examine their independent effects on the level of the merger premium. The study provides evidence of a positive (negative) association between target...