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An Empirical Study of Selected Factors Influencing the Decision to List on Foreign Stock Exchanges
8 references·16 citing·49 second hop
An Empirical Study of Selected Factors Influencing the Decision to List on Foreign Stock Exchanges (1988)An Empirical Study of Selected Factors In…Tobin's q and the Structure-Performance Relationship (1984)Tobin's q and the Structure-P…Tobin's $q$ Ratio and Industrial Organization (1981)Tobin's $q$ Ratio and Industr…The relationship between return and market value of common stocks (1981)The relationship between retu…Misspecification of capital asset pricing (1981)Misspecification of capital a…Inside the Multinationals: The Economics of Internal Markets (1981)Inside the Multinationals: Th…Some economic determinants of accounting policy choice (1979)Some economic determinants of…The Future of the Multinational Enterprise (1976)The Future of the Multination…International Diversification of Investment Portfolios (1970)International Diversification…Corporate governance, agency problems and international cross-listings: A defense of the bonding hypothesis (2012)Corporate governance, agency …The liability of foreignness in capital markets: Sources and remedies (2011)The liability of foreignness …Are There Permanent Valuation Gains to Overseas Listing? (2008)Are There Permanent Valuation…Where Is the Market? Evidence from Cross-Listings in the United States (2007)Where Is the Market? Evidence…The determinants and characteristics of voluntary disclosure by Indian banking companies (2007)The determinants and characte…Competition and cooperation among exchanges: A theory of cross-listing and endogenous listing standards☆ (2006)Competition and cooperation a…The World of Cross-Listings and Cross-Listings of the World: Challenging Conventional Wisdom (2004)The World of Cross-Listings a…Vagabond shoes longing to stray: Why foreign firms list in the United States (2001)Vagabond shoes longing to str…Non-US Firms' Accounting Standard Choices (2001)Non-US Firms' Accounting Stan…European Managerial Perceptions of the Net Benefits of Foreign Stock Listings (2001)European Managerial Perceptio…Multimarket trading and liquidity: a transaction data analysis of Canada–US interlistings (1998)Multimarket trading and liqui…Corporate Accounting Disclosure in ASEAN (1998)Corporate Accounting Disclosu…International Capital Market Pressures and Voluntary Annual Report Disclosures by U.S. and U.K. Multinationals (1995)International Capital Market …International Listings of Stocks: The Case of Canada and the U.S. (1993)International Listings of Sto…Managerial Perceptions of the Net Benefits of Foreign Listing: Canadian Evidence (1992)Managerial Perceptions of the…Financial disclosure levels and foreign stock exchange listing decisions (1992)Financial disclosure levels a…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Insiders' profits, costs of trading, and market efficiency (1986)Debt/Equity Ratio and Expected Common Stock Returns: Empirical Evidence (1988)Fundamentals and Stock Returns in Japan (1991)Relation of Profit Rate to Industry Concentration: American Manufacturing, 1936-1940 (1951)Industry Structure, Market Rivalry, and Public Policy (1973)Chapter 16 Inter-industry studies of structure and performance (1989)Intangible resources, Tobin’s q, and sustainability of performance differences (2004)Technological diversity, related diversification, and firm performance (2006)On the Misuse of Accounting Rates of Return to Infer Monopoly Profits (2016)Liquidity Preference as Behavior Towards Risk (1958)SECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION* (1965)Why Not Diversify Internationally Rather Than Domestically? (1974)What Determines the Domestic Bias and Foreign Bias? Evidence from Mutual Fund Equity Allocations Worldwide (2005)International comovement of stock market returns: A wavelet analysis (2009)Institutions and organizations (1995)Managing Legitimacy: Strategic and Institutional Approaches (1995)The iron cage revisited institutional isomorphism and collective rationality in organizational fields (2004)Global cities and multinational enterprise location strategy (2013)Cross-Listing and Corporate Social Responsibility (2015)International variations in ESG disclosure – Do cross-listed companies care more? (2021)An Empirical Evaluation of Accounting Income Numbers (1968)Industrial Market Structure and Economic Performance. (1971)Incentive and Tax Effects of Executive Compensation Plans (1982)An Institutional Model of Organizational Practice: Financial Reporting at the Fortune 200 (1990)Ownership structure and corporate social responsibility disclosure: some Malaysian evidence (2007)Capital Market Equilibrium with Restricted Borrowing (1972)Risk, Return, and Equilibrium: Empirical Tests (1973)A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Will Corporate Political Connection Influence the Environmental Information Disclosure Level? Based on the Panel Data of A-Shares from Listed Companies in Shanghai Stock Market (2015)The effect of corporate governance on carbon emission disclosures (2018)Green banking initiatives: a qualitative study on Indian banking sector (2021)The Boundaries of Multinational Enterprises and the Theory of International Trade (1995)Firms, Contracts, and Trade Structure (2003)Reversal of Fortunes: Democratic Institutions and Foreign Direct Investment Inflows to Developing Countries (2003)Measurement of Business Performance in Strategy Research: A Comparison of Approaches (1986)Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value (1986)How do family ownership, control and management affect firm value? (2005)OVERCOMING THE LIABILITY OF FOREIGNNESS. (1995)The New Institutional Economics: Taking Stock, Looking Ahead (2000)The Uppsala internationalization process model revisited: From liability of foreignness to liability of outsidership (2009)
this work references cited by second hop

References

  • 1981The relationship between return and market value of common stocks5,928 cited
  • 1976The Future of the Multinational Enterprise4,475 cited
  • 1981Tobin's $q$ Ratio and Industrial Organization1,382 cited
  • 1981Misspecification of capital asset pricing1,286 cited
  • 1970International Diversification of Investment Portfolios1,130 cited
  • 1981Inside the Multinationals: The Economics of Internal Markets984 cited
  • 1979Some economic determinants of accounting policy choice372 cited
  • 1984Tobin's q and the Structure-Performance Relationship323 cited

Cited by

  • 2011The liability of foreignness in capital markets: Sources and remedies324 cited
  • 2007The determinants and characteristics of voluntary disclosure by Indian banking companies316 cited
  • 2001Non-US Firms' Accounting Standard Choices243 cited
  • 2004The World of Cross-Listings and Cross-Listings of the World: Challenging Conventional Wisdom238 cited
  • 1998Multimarket trading and liquidity: a transaction data analysis of Canada–US interlistings232 cited
  • 1993International Listings of Stocks: The Case of Canada and the U.S.231 cited
  • 1995International Capital Market Pressures and Voluntary Annual Report Disclosures by U.S. and U.K. Multinationals

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

205 cited
  • 2012Corporate governance, agency problems and international cross-listings: A defense of the bonding hypothesis196 cited
  • 1992Managerial Perceptions of the Net Benefits of Foreign Listing: Canadian Evidence194 cited
  • 2001European Managerial Perceptions of the Net Benefits of Foreign Stock Listings191 cited
  • 2008Are There Permanent Valuation Gains to Overseas Listing?186 cited
  • 2006Competition and cooperation among exchanges: A theory of cross-listing and endogenous listing standards☆157 cited
  • 1992Financial disclosure levels and foreign stock exchange listing decisions153 cited
  • 2001Vagabond shoes longing to stray: Why foreign firms list in the United States150 cited
  • 2007Where Is the Market? Evidence from Cross-Listings in the United States147 cited
  • 1998Corporate Accounting Disclosure in ASEAN145 cited