메뉴 건너뛰기




Volumn 66, Issue 1, 2002, Pages 65-104

Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings

Author keywords

Cross listings; Equity offerings; Legal systems; Shareholder protection

Indexed keywords


EID: 0036788673     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-405X(02)00151-4     Document Type: Article
Times cited : (491)

References (44)
  • 1
    • 84977732409 scopus 로고
    • Asset pricing and dual listing on foreign capital markets: A note
    • Alexander, G., Eun, C., Janakiramanan, S., 1987. Asset pricing and dual listing on foreign capital markets: a note. Journal of Finance 42, 151-158.
    • (1987) Journal of Finance , vol.42 , pp. 151-158
    • Alexander, G.1    Eun, C.2    Janakiramanan, S.3
  • 3
    • 1342346158 scopus 로고
    • International capital market equilibrium with investment barriers
    • Black, F., 1974. International capital market equilibrium with investment barriers. Journal of Financial Economics 1, 337-352.
    • (1974) Journal of Financial Economics , vol.1 , pp. 337-352
    • Black, F.1
  • 4
    • 0010562747 scopus 로고    scopus 로고
    • The choice of a foreign market as a signal
    • Unpublished working paper, INSEAD
    • Cantale, S., 1997. The choice of a foreign market as a signal. Unpublished working paper, INSEAD.
    • (1997)
    • Cantale, S.1
  • 5
    • 0042261097 scopus 로고    scopus 로고
    • The future as history: The prospects for global convergence in corporate governance and its implications
    • Coffee, J., 1999a. The future as history: the prospects for global convergence in corporate governance and its implications. Northwestern University Law Review 93, 641-708.
    • (1999) Northwestern University Law Review , vol.93 , pp. 641-708
    • Coffee, J.1
  • 6
    • 0001955893 scopus 로고    scopus 로고
    • Privatization and corporate governance: The lessons from securities market failure
    • Coffee, J., 1999b. Privatization and corporate governance: the lessons from securities market failure. Journal of Corporation Law 25, 1-39.
    • (1999) Journal of Corporation Law , vol.25 , pp. 1-39
    • Coffee, J.1
  • 7
    • 0003592225 scopus 로고    scopus 로고
    • Why are foreign firms listed in the US worth more?
    • Unpublished working paper, Ohio State University
    • Doidge, C., Karolyi, G.A., Stulz, R.M., 2001. Why are foreign firms listed in the US worth more? Unpublished working paper, Ohio State University.
    • (2001)
    • Doidge, C.1    Karolyi, G.A.2    Stulz, R.M.3
  • 8
    • 0040428176 scopus 로고    scopus 로고
    • International cross-listing, order-flow migration: Evidence from mexico
    • Domowitz, I., Glen, J., Madhavan, A., 1998. International cross-listing, order-flow migration: evidence from mexico. Journal of Finance 53, 2001-2028.
    • (1998) Journal of Finance , vol.53 , pp. 2001-2028
    • Domowitz, I.1    Glen, J.2    Madhavan, A.3
  • 9
    • 84944837552 scopus 로고
    • International asset pricing under mild segmentation: Theory and test
    • Errunza, V., Losq, E., 1985. International asset pricing under mild segmentation: theory and test. Journal of Finance 40, 105-124.
    • (1985) Journal of Finance , vol.40 , pp. 105-124
    • Errunza, V.1    Losq, E.2
  • 10
    • 0034549667 scopus 로고    scopus 로고
    • Market segmentation and the cost of capital in international equity markets
    • Errunza, V., Miller, D., 2000. Market segmentation and the cost of capital in international equity markets. Journal of Financial and Quantitative Analysis 35 (4), 577-600.
    • (2000) Journal of Financial and Quantitative Analysis , vol.35 , Issue.4 , pp. 577-600
    • Errunza, V.1    Miller, D.2
  • 11
    • 84944838909 scopus 로고
    • A model of international asset pricing with a constraint on the foreign equity ownership
    • Eun, C., Janakiramanan, S., 1986. A model of international asset pricing with a constraint on the foreign equity ownership. Journal of Finance 41, 897-914.
    • (1986) Journal of Finance , vol.41 , pp. 897-914
    • Eun, C.1    Janakiramanan, S.2
  • 12
    • 0040428179 scopus 로고    scopus 로고
    • A report on the attitudes of foreign companies regarding a US listing
    • Fanto, J., Karmel, R., 1997. A report on the attitudes of foreign companies regarding a US listing. Stanford Journal of Law, Business and Finance 3 (1), 51-75.
    • (1997) Stanford Journal of Law, Business and Finance , vol.3 , Issue.1 , pp. 51-75
    • Fanto, J.1    Karmel, R.2
  • 15
    • 0002357241 scopus 로고    scopus 로고
    • The effects of market segmentation and investor recognition on asset prices: Evidence from foreign stocks listing in the united states
    • Foerster, S.R., Karolyi, A., 1999. The effects of market segmentation and investor recognition on asset prices: evidence from foreign stocks listing in the united states. Journal of Finance 54, 981-1013.
    • (1999) Journal of Finance , vol.54 , pp. 981-1013
    • Foerster, S.R.1    Karolyi, A.2
  • 17
    • 0003970307 scopus 로고    scopus 로고
    • A theoretical analysis of the investor protection regulations argument for global listing of stocks
    • Unpublished working paper, Yale School of Management, CT
    • Fuerst, O., 1998. A theoretical analysis of the investor protection regulations argument for global listing of stocks. Unpublished working paper, Yale School of Management, CT.
    • (1998)
    • Fuerst, O.1
  • 18
    • 0001244527 scopus 로고    scopus 로고
    • Disclosure requirements and stock exchange listing: Choice in an international context
    • Huddart, S., Hughes, J., Brunnermeier, M., 1999. Disclosure requirements and stock exchange listing: choice in an international context. Journal of Accounting and Economics 26, 237-269.
    • (1999) Journal of Accounting and Economics , vol.26 , pp. 237-269
    • Huddart, S.1    Hughes, J.2    Brunnermeier, M.3
  • 20
    • 38249004905 scopus 로고
    • The impact of international cross-listings on risk and return: Evidence from American depositary receipts
    • Jayaraman, N., Shastri, K., Tandon, K., 1993. The impact of international cross-listings on risk and return: evidence from American depositary receipts. Journal of Banking and Finance 17, 91-103.
    • (1993) Journal of Banking and Finance , vol.17 , pp. 91-103
    • Jayaraman, N.1    Shastri, K.2    Tandon, K.3
  • 22
    • 0003468969 scopus 로고    scopus 로고
    • Why Do Companies List Their Shares Abroad? A Survey of the Evidence and Its Managerial Implications
    • Blackwell Publishers, Boston
    • Karolyi, G.A., 1998. Why Do Companies List Their Shares Abroad? A Survey of the Evidence and Its Managerial Implications. Blackwell Publishers, Boston.
    • (1998)
    • Karolyi, G.A.1
  • 25
    • 0003762794 scopus 로고    scopus 로고
    • Investor protection and corporate valuation
    • Unpublished working paper, Harvard University, MA
    • La Porta, R., Lopez-de-Silanes, F., Shleifer, A., Vishny, R., 1999. Investor protection and corporate valuation. Unpublished working paper, Harvard University, MA.
    • (1999)
    • La Porta, R.1    Lopez-de-Silanes, F.2    Shleifer, A.3    Vishny, R.4
  • 28
    • 0010561257 scopus 로고    scopus 로고
    • Regulatory arbitrage for real: International securities regulation in a world of interacting securities markets
    • Licht, A., 2000. Regulatory arbitrage for real: international securities regulation in a world of interacting securities markets. Virginia Journal of International Law 38, 563-636.
    • (2000) Virginia Journal of International Law , vol.38 , pp. 563-636
    • Licht, A.1
  • 29
    • 0003748437 scopus 로고    scopus 로고
    • Do non-US firms issue stock on US equity markets to relax capital constraints?
    • Unpublished working paper, University of North Carolina at Chapel Hill
    • Lins, K., Strickland, D., Zenner, M., 1999. Do non-US firms issue stock on US equity markets to relax capital constraints? Unpublished working paper, University of North Carolina at Chapel Hill.
    • (1999)
    • Lins, K.1    Strickland, D.2    Zenner, M.3
  • 30
    • 0010562748 scopus 로고    scopus 로고
    • Law and equity markets: A simple model
    • Unpublished working paper, CSEF and University of Salerno, Italy
    • Lombardo, D., Pagano, M., 2000. Law and equity markets: a simple model. Unpublished working paper, CSEF and University of Salerno, Italy.
    • (2000)
    • Lombardo, D.1    Pagano, M.2
  • 31
    • 84977707554 scopus 로고
    • A simple model of capital market equilibrium with incomplete information
    • Merton, R., 1987. A simple model of capital market equilibrium with incomplete information. Journal of Finance 42, 483-510.
    • (1987) Journal of Finance , vol.42 , pp. 483-510
    • Merton, R.1
  • 32
    • 0042042166 scopus 로고    scopus 로고
    • The market reaction to international cross-listings: Evidence from depositary receipts
    • Miller, D., 1999. The market reaction to international cross-listings: evidence from depositary receipts. Journal of Financial Economics 51, 103-123.
    • (1999) Journal of Financial Economics , vol.51 , pp. 103-123
    • Miller, D.1
  • 33
    • 0010632850 scopus 로고    scopus 로고
    • The role of information disclosure on stock market listing decisions: The case of foreign firms listing in the US
    • Unpublished working paper, Harvard Business School, MA
    • Moel, A., 1999. The role of information disclosure on stock market listing decisions: the case of foreign firms listing in the US. Unpublished working paper, Harvard Business School, MA.
    • (1999)
    • Moel, A.1
  • 34
    • 0034996503 scopus 로고    scopus 로고
    • What makes stock exchanges succeed: Evidence from cross-listing decisions
    • Pagano, M., Randl, A., Roell, A., Zechner, J., 2001a. What makes stock exchanges succeed: evidence from cross-listing decisions. European Economic Review 45, 770-782.
    • (2001) European Economic Review , vol.45 , pp. 770-782
    • Pagano, M.1    Randl, A.2    Roell, A.3    Zechner, J.4
  • 35
    • 0010627476 scopus 로고    scopus 로고
    • The geography of equity listing: Why do companies list abroad?
    • forthcoming
    • Pagano, M., Roell, A., Zechner, J., 2001b. The geography of equity listing: why do companies list abroad? Journal of Finance, forthcoming.
    • (2001) Journal of Finance
    • Pagano, M.1    Roell, A.2    Zechner, J.3
  • 37
    • 0004150565 scopus 로고    scopus 로고
    • The politics of financial development
    • Unpublished working paper, University of Chicago, IL
    • Rajan, R., Zingales, L., 1999. The politics of financial development. Unpublished working paper, University of Chicago, IL.
    • (1999)
    • Rajan, R.1    Zingales, L.2
  • 39
    • 0003861395 scopus 로고    scopus 로고
    • The impact of a NYSE listing on the global trading of non-US stocks
    • Unpublished working paper, NYSE #97-02
    • Smith, K., Sofianos, G., 1997. The impact of a NYSE listing on the global trading of non-US stocks. Unpublished working paper, NYSE #97-02.
    • (1997)
    • Smith, K.1    Sofianos, G.2
  • 40
    • 0000910887 scopus 로고
    • Market imperfections, capital market equilibrium, and corporate finance
    • Stapleton, R., Subrahmanyam, M., 1977. Market imperfections, capital market equilibrium, and corporate finance. Journal of Finance 32, 307-319.
    • (1977) Journal of Finance , vol.32 , pp. 307-319
    • Stapleton, R.1    Subrahmanyam, M.2
  • 41
    • 84977410476 scopus 로고
    • On the effects of barriers to international investment
    • Stulz, R., 1981. On the effects of barriers to international investment. Journal of Finance 36, 923-934.
    • (1981) Journal of Finance , vol.36 , pp. 923-934
    • Stulz, R.1
  • 42
    • 0001906819 scopus 로고    scopus 로고
    • Globalization of equity markets and the cost of capital
    • Stulz, R., 1999. Globalization of equity markets and the cost of capital. Journal of Applied Corporate Finance 12, 8-25.
    • (1999) Journal of Applied Corporate Finance , vol.12 , pp. 8-25
    • Stulz, R.1
  • 43
    • 0001908452 scopus 로고
    • The benefits and costs of listing Canadian stocks in US markets
    • Sarna, L. (Ed.), Carswell, Toronto
    • Switzer, L., 1986. The benefits and costs of listing Canadian stocks in US markets. In: Sarna, L. (Ed.), Corporate Structure, Finance, and Operations. Carswell, Toronto, pp. 241-254.
    • (1986) Corporate Structure, Finance, and Operations , pp. 241-254
    • Switzer, L.1
  • 44
    • 0000977948 scopus 로고
    • Marketability of common stocks in Canada and the USA: A comparison of agent versus dealer dominated markets
    • Tinic, S., West, R., 1974. Marketability of common stocks in Canada and the USA: a comparison of agent versus dealer dominated markets. Journal of Finance 29, 729-746.
    • (1974) Journal of Finance , vol.29 , pp. 729-746
    • Tinic, S.1    West, R.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.