The DOI matches its Crossref record; 34 of the 34 references it cites were found in a registry or an index.
International Cross-Listing and Visibility
Abstract
This study shows that international firms listing their shares on the New York Stock Exchange (NYSE) or the London Stock Exchange (LSE) experience a significant increase in visibility, as proxied by analyst coverage and print media attention (The Wall Street Journal or Financial Times). The increase in analyst following is also associated with a decrease in the cost of equity capital after the listing event in a way consistent with Merton's (1987) investor recognition hypothesis. Our results are stronger for NYSE listing firms than for LSE listing firms. This may partially compensate firms for the higher costs associated with NYSE listing (compared to LSE listing).
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Cites
La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1998) · Journal of Political Economy · doi:10.1086/250042 · Cited by 18,025
A Simple, Positive Semi-Definite, Heteroskedasticity and AutocorrelationConsistent Covariance Matrix
Newey, W., & West, K. (1986) · National Bureau of Economic Research · doi:10.3386/t0055 · Cited by 12,278
A Simple Model of Capital Market Equilibrium with Incomplete Information
MERTON, R. C. (1987) · The Journal of Finance · doi:10.1111/j.1540-6261.1987.tb04565.x · Cited by 5,811
Asset pricing and the bid-ask spread
Amihud, Y., & Mendelson, H. (1986) · Journal of Financial Economics · doi:10.1016/0304-405x(86)90065-6 · Cited by 5,090
Firm characteristics and analyst following
Bhushan, R. (1989) · Journal of Accounting and Economics · doi:10.1016/0165-4101(89)90008-6 · Cited by 1,529
Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices
Henry, P. B. (2000) · The Journal of Finance · doi:10.1111/0022-1082.00219 · Cited by 1,385
GOLBALIZATION, CORPORATE FINANCE, AND THE COST OF CAPITAL
Stulz, R. M. (1999) · Journal of Applied Corporate Finance · doi:10.1111/j.1745-6622.1999.tb00027.x · Cited by 1,262
Foerster, S. R., & Karolyi, G. A. (1999) · The Journal of Finance · doi:10.1111/0022-1082.00134 · Cited by 1,050
Coffee, J. C. (1999) · doi:10.2139/ssrn.142833 · Cited by 1,049
International Asset Pricing under Mild Segmentation: Theory and Test
ERRUNZA, V., & LOSQ, E. (1985) · The Journal of Finance · doi:10.1111/j.1540-6261.1985.tb04939.x · Cited by 1,020
Cited by
The colors of investors’ money: The role of institutional investors around the world
Ferreira, M. A., & Matos, P. (2008) · Journal of Financial Economics · doi:10.1016/j.jfineco.2007.07.003 · Cited by 1,975
Lang, M. H., Lins, K. V., & Miller, D. P. (2003) · Journal of Accounting Research · doi:10.1111/1475-679x.00106 · Cited by 1,120
Cost of capital effects and changes in growth expectations around U.S. cross-listings
Hail, L., & Leuz, C. (2009) · Journal of Financial Economics · doi:10.1016/j.jfineco.2008.09.006 · Cited by 578
The World of Cross-Listings and Cross-Listings of the World: Challenging Conventional Wisdom
Karolyi, G. A. (2006) · Review of Finance · doi:10.1007/s10679-006-6980-8 · Cited by 560
The Overseas Listing Decision: New Evidence of Proximity Preference
Sarkissian, S., & Schill, M. J. (2004) · Review of Financial Studies · doi:10.1093/rfs/hhg048 · Cited by 477
Metadata
- Authors
- Baker, H. K., Nofsinger, J. R., & Weaver, D. G.
- Venue
- The Journal of Financial and Quantitative Analysis
- Publisher
- JSTOR
- Published
- 2002-09
- Volume
- 37
- Issue
- 3
- Pages
- 495
- ISSN
- 0022-1090 (ISSN-L)
- OpenAlex
- W3126090104
- Cited by
- 494
- References
- 34
- FWCI
- 66.50
- Type
- journal article
- Language
- en
- Open access
- closed
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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.
