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Cited by 477

The DOI matches its Crossref record; 54 of the 54 references it cites were found in a registry or an index.

The Overseas Listing Decision: New Evidence of Proximity Preference

Open access
Sarkissian, Sergei, Schill, Michael J.·2004·Review of Financial Studies
DOI 10.1093/rfs/hhg048
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Abstract

Using a cross-section of effectively the entire universe of overseas listings across world markets, we examine the market preferences of firms listing their stock abroad. We find that geographic, economic, cultural, and industrial proximity plays the dominant role in the choice of overseas listing venue. Contrary to the notion that firms maximize international portfolio diversification gains in listing abroad, cross-listing activity is more common across markets for which diversification gains are relatively low. Our findings imply that the same proximity constraints that are believed to lead to "home bias" in investment portfolio decisions also exert a profound influence on financing decisions.

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Metadata

Authors
Sarkissian, S., & Schill, M. J.
Venue
Review of Financial Studies
Publisher
Oxford University Press (OUP)
Published
2003-10-15
Volume
17
Issue
3
Pages
769-809
ISSN
  • 0893-9454 (ISSN-L)
  • 1465-7368
DOI
10.1093/rfs/hhg048
OpenAlex
W3124296977
Cited by
477
References
54
FWCI
69.63
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: The Overseas Listing Decision: New Evidence of Proximity Preference. https://app.cochat.ai/papers/10.1093/rfs/hhg048
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Sarkissian, S., & Schill, M. J. (2004). The Overseas Listing Decision: New Evidence of Proximity Preference. Review of Financial Studies. https://doi.org/10.1093/rfs/hhg048

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.