학술저널
SEGMENTATION IN AN EMERGING MARKET: INVESTOR RESPONSE TO MEXICAN STOCKS DUALLY-TRADED IN THE U.S.
- People & Global Business Association
- Global Business and Finance Review
- Vol.7 No.2
-
2002.121 - 17 (16 pages)
- 2
In recent years capital markets have become less segmented as political and legal barriers that impede flows of financial capital have eased. As a result, many foreign corporations have chosen to offer their equity for sale in the United States. We examine the returns, risk, volatility and liquidity effects realized by domestic investors for a sample of American depository receipt programs established by Mexican companies.
Abstract
INTRODUCTION
BACKGROUND AND HYPOTHESES
DATA AND METHOD
RESULTS
CONCLUSIONS
REFERENCES
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