Specialization in national output and international cross-listing

Abraham Agyemang, Faruk Balli, Hatice Balli and Russell Gregory-Allen

Applied Economics, 2022, vol. 54, issue 37, 4241-4258

Abstract: This study utilizes a sample of 1779 firms cross-listed across 28 OECD countries to explore how specialization in national output impacts international cross-listing decisions. We find that output specialization is an essential consideration in both the decision to cross-list and the choice of host market. Our results show that specialization in national output augments cross-listing and that firms from specialized home countries cross-list in less specialized host markets. The findings, especially at the firm level, suggest that firms seek opportunities to diversify funding sources when cross-listing, further highlighted by the choice of host market.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2022.2030040 (text/html)
Access to full text is restricted to subscribers.

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:taf:applec:v:54:y:2022:i:37:p:4241-4258

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036846.2022.2030040

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().