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Author: | Khurana, I.K. Martin, X. Periera, R. |
Title: | Cross-listing and firm growth |
Journal: | Review of finance
2008 : VOL. 12:2, p. 293-322 |
Index terms: | stock markets stock exchanges listed companies international USA |
Language: | eng |
Abstract: | Based on a sample of firms from 37 countries that are cross-listed (hereafter as: c-lstd.) in the USA, a positive association is found btw. cross-listing (as: c-l-g.) and subsequent externally financed firm growth (as: f-g.) rates. However, there is no evidence found that increases in externally financed f-g. after c-l-g. would vary systematically as a function of the home-country attributes of the c-lstd. firms. Overall, the results provide new and direct evidence on the impact of c-l-g. on the f-g. rates. |
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