The passage of the Sarbanes--Oxley Act in 2002 gives more incentive for foreign firms to consider deregistering from the United States. The adoption of SEC Rule 12h-6 allows them better able to do so. Since 2007, there has been a surge in foreign deregistrations. We investigate what happens to...

This paper contributes to the cross-listing literature by documenting the speed of convergence to market efficiency for foreign stocks listed on the NYSE. We find that, on average, it takes 30-60 minutes for a foreign stock to achieve market efficiency. For a comparable US stock, it takes...

This paper discusses the economies and financial systems of Southeast Asia (SEA) and focuses on challenges and developments in the region. Despite the diversity of SEA economies and some important exceptions, most of them are relatively small but growing strongly. Financial deepening differs...

We consider a branching Brownian motion on in which one particle splits into 1+X children. There exists a critical value in the sense that is the lowest velocity such that a traveling wave solution to the corresponding Kolmogorov-Petrovskii-Piskunov equation exists. It is also known that the...