ADR EFFECTS ON DOMESTIC LATIN MAERICA FINANCIAL MARKET

Alfredo Mendiola
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Alfredo Mendiola: Universidad ESAN (Perú)

Journal of Economics, Finance and Administrative Science, 2010, vol. 15, issue 28, 45-64

Abstract: The purpose of this paper is to revisit and extend previous research work that examines the ADR-listing effects on the trading process of all the domestically-listed stocks in the main Latin American exchanges. The most important result is consistent with the idea of a greater isolation(from global markets) of the singly-listed stocks in the post-cross-listing period. These results persist over the cross-listing months. As expected, the cross-listed stocks become more integrated in the post-cross listing period.

Keywords: International finance; economic integration (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ris:joefas:0015

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