Strategic Change in Operating Trends of Public Listed Companies and Its Impact on StockMarket Growth

Abdul Wahid, Nadeem Talib and Asghar Abbas
Additional contact information
Abdul Wahid: Faculty of Management Sciences, National University of Modern Languages, Islamabad.
Nadeem Talib: Department of Management Sciences, National University of Modern Languages, Islamabad
Asghar Abbas: Pakistan Stock Exchange (PSX), Islamabad.

The Pakistan Development Review, 2017, vol. 56, issue 4, 369-383

Abstract: The primary concern of the present study is to examine the impact of cross-listing on the stock market growth. The theoretical framework for the research was developed by taking the members of the World Federation of Exchanges (WFE) as statistical frame. For analysis and statistical calculations in the study a Structural Equation Modelling (SEM) technique is used. The results suggest a significant and positive impact of cross-listing on stock market growth indicators except on the value of share trading. The study concludes that cross-listing is fruitful for stock market growth of host stock exchanges. It recommends that host countries should create conducive environment for offshore listing. Keywords: Cross-listing, Domestic Listing, Market Capitalisation, Equity Shares and Stock Index

Keywords: Cross-listing; Domestic Listing; Market Capitalisation; Equity Shares and Stock Index (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.pide.org.pk/pdf/PDR/2017/Volume4/369-383.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pid:journl:v:56:y:2017:i:4:p:369-383

Access Statistics for this article

More articles in The Pakistan Development Review from Pakistan Institute of Development Economics Contact information at EDIRC.
Bibliographic data for series maintained by Khurram Iqbal ().