Using a unique dataset of foreign and domestic IPOs listings in the US from 1990 to 2012, we study how foreignness affects IPO liquidity. We find that foreign IPOs enjoy higher liquidity than IPOs in their home countries, but do not fully gain the same liquidity benefits as for IPOs of domestic...

Firms are increasingly adopting a global perspective. Nowhere is this more evident than in the accelerating internationalization of the world's financial capital markets. In just five years the dollar volume of debt and equity securities placed annually by firms outside of their national borders...

This study aims to enhance our understanding of multiple listings by addressing the where question related to foreign listings. It examines factors that influence firms' choices of foreign stock excanges. Based on a sample of 459 internationally traded MNCs, with at least one foreign listing on...

We examine whether adoptions of International Financial Reporting Standards (IFRS) enhance capital investment efficiency as measured by investment-cash flow sensitivity and value-enhancing risk taking for a comprehensive sample comprised of 10,340 mandatory and voluntary IFRS adoptions across 26...