search query: @author Lee, I. / total: 12
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| Author: | Lee, I. |
| Title: | Dual listings and shareholders' wealth: evidence from UK and Japanese firms. |
| Journal: | Journal of Business Finance and Accounting
1992 : JAN, VOL. 19:2, p. 243-252 |
| Index terms: | SHAREHOLDERS WEALTH UNITED KINGDOM JAPAN |
| Language: | eng |
| Abstract: | This study examines valuation effects of dual listing by UK and Japanese firms. Using a sample that includes 16 UK firms that list stocks on the Tokyo Stock Exchange and 9 Japanese firms that list stock on the London Stock Exchange, this study reports that overseas listing do not cause any significant and permanent wealth effects for shareholders. This finding rejects the hypothesis that capital markets in these countries are segmented. |
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