SEGMENTATION IN AN EMERGING MARKET: INVESTOR RESPONSE TO MEXICAN STOCKS DUALLY- TRADED IN THE U.S.
0
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
In recent years capital markets have become less segmented as political and legal barriers that impede flows offinancial capital have eased. As a result, manyforeign corporations have chosen to offer their equity for sale in the United States. We examine the returns, risk, volatility and liquidity effects realized by domestic investors for a sample of American depository receipt programs established by Mexican companies.
Abstract
In recent years capital markets have become less segmented as political and legal barriers that impede flows offinancial capital have eased. As a result, manyforeign corporations have chosen to offer their equity for sale in the United States. We examine the returns, risk, volatility and liquidity effects realized by domestic investors for a sample of American depository receipt programs established by Mexican companies.