Skip to main content
Article
Competitive and Information Effects of Cross‐Border Stock Listings
Journal of Financial Research
  • Bruce M Bradford, Fairfield University
  • Anna D. Martin
  • Ann Marie Whyte
Document Type
Article
Article Version
Post-print
Publication Date
1-1-2002
Disciplines
Abstract
We examine the effect of 269 cross-border listings on rivals in the listing and domestic markets and find that U.S. rivals experience significant gains whereas domestic rivals do not. Both competitive and information effects are important in explaining the reaction of U.S. rivals. Regarding the competitive effects, the reaction of rivals is less favorable when listings originate in developed countries and more favorable when listing firms do not have prior operating presence in the United States. Regarding the information effects, the reaction is less favorable when listings are combined with equity offerings and more favorable when the listing is the first to occur within an industry.
Comments

Copyright 2002 Wiley for Southern Finance Association

This is the accepted version of the following article: Whyte, Ann Marie, Bruce M. Bradford, and Anna D. Martin. "Competitive and Information Effects of Cross‐Border Stock Listings." Journal of Financial Research. 25(3): 399-413, which has been published in final form athttp://onlinelibrary.wiley.com/doi/10.1111/1475-6803.00026/abstract.

Published Citation
Whyte, Ann Marie, Bruce M. Bradford, and Anna D. Martin. "Competitive and Information Effects of Cross‐Border Stock Listings." Journal of Financial Research. 25(3): 399-413
DOI
10.1111/1475-6803.00026
None
Peer Reviewed
Citation Information
Bruce M Bradford, Anna D. Martin and Ann Marie Whyte. "Competitive and Information Effects of Cross‐Border Stock Listings" Journal of Financial Research Vol. 25 Iss. 3 (2002)
Available at: http://works.bepress.com/bruce_bradford/5/