search query: @author Doukas, J. / total: 6
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| Author: | Doukas, J. Switzer, L.N. |
| Title: | Common stock returns and international listing announcements: Conditional tests of the mild segmentation hypothesis |
| Journal: | Journal of Banking and Finance
2000 : MAR, VOL. 24:3, p. 471-502 |
| Index terms: | Stock returns USA Canada Market segmentation International capital market |
| Language: | eng |
| Abstract: | Recent theoretical work on mild segmentation suggests that tests of dual listing should be conducted as joint tests: (a) a test of changes in market integration that may affect asset returns through investors portfolio reallocations as the choice set changes, and (b) a test of changing risk premium/information effects. Our analysis concentrates on both the period surrounding the earliest public announcements by Canadian companies of their intentions to seek a US listing for their common shares as well as the date of US listing during the period 1985-96. |
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