483
Views
0
CrossRef citations to date
0
Altmetric
Financial Economics

Destination choice of the dual listing decision: The case ASEAN-5 firms

, &
Article: 2233773 | Received 26 Aug 2022, Accepted 03 Jul 2023, Published online: 16 Jul 2023

References

  • Abdallah, A. A.-N., Abdallah, W., & Saad, M. (2011). The effect of cross-listing on trading volume: Reducing segmentation versus signaling investor protection. Journal of Financial Research, 34(4), 589–18. https://doi.org/10.1111/j.1475-6803.2011.01303.x
  • Abdallah, A. A.-N., & Ioannidis, C. (2010). Why do firms cross-list? International evidence from the US market. The Quarterly Review of Economics & Finance, 50(2), 202–213. https://doi.org/10.1016/j.qref.2009.09.009
  • Adamska-Mieruszewska, J., & Mrzygłód, U. (2020). Foreign listing pricing effects. The case of emerging economies. Bank i Kredyt, 51(February), 367–382.
  • Aguilera, R. V., & Crespi-Cladera, R. (2016). Global corporate governance: On the relevance of firms’ ownership structure. Journal of World Business, 51(1), 50–57. https://doi.org/10.1016/j.jwb.2015.10.003
  • Alderighi, S. (2020). Cross-listing in the European ETP market. Economics Bulletin, 40(1), 35–40.
  • Alhaj-Yaseen, Y. S. (2013). Cross-listing in the home market after going public in the U.S. Journal of Economics & Finance, 37(2), 274–292. https://doi.org/10.1007/s12197-011-9183-x
  • Al-Jaifi, H. A. (2017). Ownership concentration, earnings management and stock market liquidity: Evidence from Malaysia. Corporate Governance the International Journal of Business in Society, 17(3), 490–510. https://doi.org/10.1108/CG-06-2016-0139
  • Al-Shamahi, M. G., Abdul Manaf, K. B., Al-Arussi, A. S., Gubran, M., & Saad, M. (2017). The impact of effective corporate boards and audit committees on attracting foreign ownership in listed companies in the Gulf cooperation council. Asian Journal of Finance & Accounting, 9(2), 190. https://doi.org/10.5296/ajfa.v9i2.12152
  • Al-Yousfi, A. Y. H. S. (2017). Analysis of financial performance of the commercial banks in the Gulf Cooperation Council (GCC) countries(Issue July) [ Doctoral dissertation]. Universiti Utara Malaysia.
  • Amer Al-Jaifi, H., Hussein Al-Rassas, A., & AL-Qadasi A, A. (2017). Corporate governance strength and stock market liquidity in Malaysia. International Journal of Managerial Finance, 13(5), 592–610. https://doi.org/10.1108/IJMF-10-2016-0195
  • Amihud, Y. (2002). Illiquidity and stock returns: Cross-section and time-series effects. Journal of Financial Markets, 5(1), 31–56. https://doi.org/10.1016/S1386-4181(01)00024-6
  • Amiram, D., Cserna, B., & Levy, A. (2015). Volatility and Liquidity. Columbia Business School Research Paper, 15–62. https://en-coller.tau.ac.il/sites/nihul_en.tau.ac.il/files/media_server/Recanati/management/seminars/account/2017/Jumps.pdf
  • The ASEAN Secretariat. (2015). ASEAN Economic Community Blueprint 2025. http://www.asean.org/storage/images/2015/November/aec-page/AEC-Blueprint-2025-FINAL.pdf
  • The ASEAN Secretariat. (2017). ASEAN Community Progress Monitoring System 2017. https://www.aseanstats.org/wp-content/uploads/2017/09/ACPMS_2017.pdf
  • Ayyagari, M., & Doidge, C. (2010). Does cross-listing facilitate changes in corporate ownership and control? Journal of Banking and Finance, 34(1), 208–223. https://doi.org/10.1016/j.jbankfin.2009.07.012
  • Bae, K. H., Ding, Y., & Wang, X. (2020). Relative industry valuation and cross-border listing. Journal of Banking and Finance, 119, 105899. https://doi.org/10.1016/j.jbankfin.2020.105899
  • Bahlous, M. (2013). Does cross-listing benefit the shareholders? Evidence from companies in the GCC Countries? Asia-Pacific Financial Markets, 20(4), 345–381. https://doi.org/10.1007/s10690-013-9171-6
  • Ball, R. T., Hail, L., & Vasvari, F. P. (2018). Equity cross-listings in the U.S. and the price of debt. Review of Accounting Studies, 23(2), 385–421. https://doi.org/10.1007/s11142-017-9424-0
  • Bancel, F., Mittoo, C., & Mittoo, U. R. (2001). European managerial perceptions of the net benefits of foreign stock listings. European Financial Management, 7(2), 213–236. https://doi.org/10.1111/1468-036X.00153
  • Banti, C., Biddle, G. C., Filatotchev, I., & Jona, J. (2017). Liability of foreignness in global stock markets: Liquidity dynamics of foreign IPOs in the US. SSRN Electronic Journal, 61. https://doi.org/10.2139/ssrn.3037214
  • Bayar, A., & Önder, Z. (2005). Liquidity and price volatility of cross-listed French stocks. Applied Financial Economics, 15(15), 1079–1094. https://doi.org/10.1080/09603100500187083
  • Berkman, H., & Nguyen, N. H. (2010). Domestic liquidity and cross-listing in the United States. Journal of Banking and Finance, 34(6), 1139–1151. https://doi.org/10.1016/j.jbankfin.2009.11.011
  • Bianconi, M., & Tan, L. (2010). Cross-listing premium in the US and the UK destination. International Review of Economics & Finance, 19(2), 244–259. https://doi.org/10.1016/j.iref.2009.09.004
  • Boshnak, H. A. (2017). Mandatory and voluntary disclosures in GCC listed firms [ PhD]. University of the West of England.
  • Boubakri, N., Cosset, J. C., & Samet, A. (2010). The choice of ADRs. Journal of Banking and Finance, 34(9), 2077–2095. https://doi.org/10.1016/j.jbankfin.2010.01.016
  • Boubakri, N., Guedhami, O., & Saffar, W. (2016). Geographic location, foreign ownership, and cost of equity capital: Evidence from privatization. Journal of Corporate Finance, 38, 363–381. https://doi.org/10.1016/j.jcorpfin.2016.02.004
  • Brooks, C. (2014). Introductory econometrics for finance. Cambridge University Press. (U. of R. The ICMA Centre (ed.); THIRD EDIT, Vol. 19, Issue 3). https://doi.org/10.1017/CBO9780511841644
  • Burns, N., Francis, B. B., & Hasan, I. (2007). Cross-listing and legal bonding: Evidence from mergers and acquisitions. Journal of Banking & Finance, 31(4), 1003–1031. https://doi.org/10.1016/j.jbankfin.2006.10.001
  • Bushee, B. J., & Leuz, C. (2005). Economic consequences of SEC disclosure regulation: Evidence from the OTC bulletin board. Journal of Accounting and Economics, 39(2), 233–264. https://doi.org/10.1016/j.jacceco.2004.04.002
  • Caglio, C. R., Hanley, K. W., & Marietta-Westberg, J. (2016). What does it take to list abroad? The role of global underwriters. Finance and Economics Discussion Series, 2016(41), 1–39. https://doi.org/10.17016/feds.2016.041
  • Carney, R. W., & Child, T. B. (2013). Changes to the ownership and control of East Asian corporations between 1996 and 2008: The primacy of politics. Journal of Financial Economics, 107(2), 494–513. https://doi.org/10.1016/j.jfineco.2012.08.013
  • Cavoli, T., McIver, R., & Nowland, J. (2011). Cross-listings and financial integration in Asia. ASEAN Economic Bulletin, 28(2), 241–256. https://doi.org/10.1355/ae28-2h
  • Cetorelli, N., & Peristiani, S. (2015). Firm value and cross listings: The impact of stock market prestige. Journal of Risk and Financial Management, 8(1), 150–180. https://doi.org/10.3390/jrfm8010150
  • Chatterjee, S., & Hadi, A. S. (2013). Regression analysis by example. John Wiley & Sons, Inc. (WILEY (ed.); Fifth Edit, Vol. 40, Issue 12). https://doi.org/10.1080/02664763.2013.817041
  • Cherono, D. K. (2010). Market reaction to announcement of cross-border listing for companies quoted at the Nairobi Stock Exchange [ Doctoral dissertation]. University of Nairobi. https://erepository.uonbi.ac.ke/bitstream/handle/11295/4199/CheronoDavidK_MarketreactiontoannouncementofcrossborderlistingforcompaniesquotedattheNairobistockexchange.pdf?sequence=1
  • Cheronoh, R. T. (2015). Effects of cross border listing announcements on stock price performance at the Nairobi securities exchange. In School of business. University of Nairobi. https://erepository.uonbi.ac.ke/bitstream/handle/11295/94530/Rotich_EffectsofcrossborderlistingannouncementsonstockpriceperformanceattheNairobisecuritiesexchange.pdf?sequence=1
  • Chung, J., Cho, H., & Kim, W. (2015). Is cross-listing a commitment mechanism?: The choice of destinations and family ownership. Corporate Governance (Oxford), 23(4), 307–330. https://doi.org/10.1111/corg.12079
  • Connelly, J. T., Limpaphayom, P., & Sullivan M, J. (2017). The effect of family ownership on the relation between executive compensation and performance: Evidence from Thailand. Second International Conference on Economic and Business Management (FEBM 2017), 50(Febm), 44–65. https://doi.org/10.2991/febm-17.2017.129
  • Dhouibi, R., & Mamoghli, C. (2013). Determinants of voluntary disclosure in Tunisian bank ’ s reports. Research Journal of Finance & Accounting, 4(5), 80–95. https://doi.org/10.1017/S0954102002000172
  • Dobbs, R., & Goedhart, M. H. (2008). Why cross-listing shares doesn’t create value. McKinsey and Company, (Exhibit 1), 8–9. https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/why-cross-listing-shares-doesnt-create-value#
  • Dodd, O. (2011). Price, Liquidity, Volatility, and Volume of Cross-Listed Stocks. Durham University. http://etheses.dur.ac.uk/867/1/PhD_thesis_May_2011_Final.pdf?DDD2+
  • Dodd, O., Louca, C., & Paudyal, K. (2015). The determinants of foreign trading volume of stocks listed in multiple markets. Journal of Economics and Business, 79(2015), 38–61. https://doi.org/10.1016/j.jeconbus.2014.12.004
  • Doidge, C., Andrew Karolyi, G., & Stulz, R. M. (2009). Has New York become less competitive than London in global markets? Evaluating foreign listing choices over time☆. Journal of Financial Economics, 91(3), 253–277. https://doi.org/10.1016/j.jfineco.2008.02.010
  • Domowitz, I., Glen, J., & Madhavan, A. (1998). International cross-listing and order flow migration: Evidence from Ukrain. The Journal of Finance, 53(6), 2001–2027. https://doi.org/10.1111/0022-1082.00081
  • Esqueda, O. A. (2017). Controlling shareholders and market timing: Evidence from cross-listing events. International Review of Financial Analysis, 49(2017), 12–23. https://doi.org/10.1016/j.irfa.2016.11.008
  • Foerster, S. R., & Karolyi, G. A. A. (1998). Multimarket trading and liquidity: A transaction data analysis of Canada–US interlistings. Journal of International Financial Markets, Institutions and Money, 8(3–4), 393–412. https://doi.org/10.1016/S1042-4431(98)00049-3
  • Füss, R., Hommel, U., & Plagge, J.-C. (2016). Determinants of liquidity (re)allocation and the decision to cross-list or cross-delist. International Journal of Finance & Economics, 21(4), 447–471. https://doi.org/10.1002/ijfe.1555
  • Garanina, T., & Aray, Y. (2020). Enhancing CSR disclosure through foreign ownership, foreign board members, and cross-listing: Does it work in Russian context? Emerging Markets Review, 46, 100754. https://doi.org/10.1016/j.ememar.2020.100754
  • Ghadhab, I. (2016). The effect of additional foreign market presence on the trading volume of cross-listed/traded stocks. Journal of Multinational Financial Management, 34(2016), 18–27. https://doi.org/10.1016/j.mulfin.2015.12.002
  • Ghadhab, I., & Hellara, S. (2015). The determinants of multiple Foreign listing decision. Procedia Economics and Finance, 26(15), 663–681. https://doi.org/10.1016/S2212-5671(15)00809-6
  • Ghadhab, I., & Hellara, S. (2016). Cross-listing and value creation. Journal of Multinational Financial Management, 37-38(37–38), 1–11. https://doi.org/10.1016/j.mulfin.2016.08.001
  • Ghadhab, I., & M’rad, M. (2018). Does US cross-listing come with incremental benefit for already UK cross-listed firms. The Quarterly Review of Economics & Finance, 69(C), 188–204. https://doi.org/10.1016/j.qref.2018.02.002
  • Ghosh, C., & He, F. (2015). Investor protection, investment efficiency and value: The case of cross-listed firms. Financial Management, 44(3), 499–546. https://doi.org/10.1111/fima.12076
  • Gul, F. A., Kim, J.-B., & Qiu, A. (2008). Ownership concentration, foreign shareholding, audit quality and firm-specific return variation: Evidence from China. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.984142
  • Gul, F. A., Kim, J.-B., & Qiu, A. A. (2010). Ownership concentration, foreign shareholding, audit quality, and stock price synchronicity: Evidence from China. Journal of Financial Economics, 95(3), 425–442. https://doi.org/10.1016/j.jfineco.2009.11.005
  • Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2014). Multivariate data analysis (British library cataloguing-in-publication data (ed.) (Seventh ed.). Pearson Education Limited. https://is.muni.cz/el/1423/podzim2017/PSY028/um/_Hair_-_Multivariate_data_analysis_7th_revised.pdf
  • Hamilton, J. L. (1979). Marketplace fragmentation, competition, and the efficiency of the stock exchange. The Journal of Finance, 34(1), 171–187. https://doi.org/10.1111/j.1540-6261.1979.tb02078.x
  • Hosmer, D. W., Lemeshow, S., Sturdivant, R. X., & Regression, A. L. (2013). Applied logistic regression (3rd ed.), (Vol. 398, No. 4). John Wiley & Sons, Inc. https://doi.org/10.1002/9781118548387
  • Jain, A., & Strobl, S. (2016). The effect of volatility persistence on excess returns. Review of Financial Economics, 32, 58–63. https://doi.org/10.1016/j.rfe.2016.11.003
  • Jantarakolica, T., & Sakayachiwakit, W. (2015). Determinants of optimal capital structural of ASEAN corporations. Review of Integrative Business and Economics Research, 4(3), 207–215. http://sibresearch.org/uploads/3/4/0/9/34097180/riber_b15-200_207-215.pdf
  • Jiang, G., Lee, C. M. C., & Yue, H. (2010). Tunneling through intercorporate loans: The China experience. Journal of Financial Economics, 98(1), 1–20. https://doi.org/10.1016/j.jfineco.2010.05.002
  • Kamaruddin, A. A., Ali, Z., Noor, N. M., Baharum, A., & Ahmad, W. M. A. W. (2014). Modelling of binary logistic regression for obesity among secondary students in a rural area of Kedah. AIP Conference Proceedings, 1605(February), 856–861. https://doi.org/10.1063/1.4887702
  • Kamarudin, K. A., Ariff, A. M., & Jaafar, A. (2020). Investor protection, cross-listing and accounting quality. Journal of Contemporary Accounting & Economics, 16(1), 100179. https://doi.org/10.1016/j.jcae.2019.100179
  • Kariuki, J. W. (2015). Effect of Cross-Borded Listing on Financial Performance of Companies Cross-Listing within the East Africa Securities Exchanges. University of Nairobi. https://erepository.uonbi.ac.ke/bitstream/handle/11295/94482/JOANKARIUKI-THESISFINAL.pdf?sequence=1
  • Karolyi, G. A. (1998). Why do companies list shares abroad?: A survey of the evidence and its managerial implications. Financial Markets, Institutions and Instruments, 7(1), 1–60. https://doi.org/10.1111/1468-0416.00018
  • Karolyi, G. A. (2006). The world of cross-listings and cross-listings of the world: Challenging conventional wisdom. Review of Finance, 10(1), 99–152. https://doi.org/10.1007/s10679-006-6980-8
  • Karolyi, G. A. (2012). Corporate governance, agency problems and international cross-listings: A defense of the bonding hypothesis. Emerging Markets Review, 13(4), 516–547. https://doi.org/10.1016/j.ememar.2012.08.001
  • King, M. R., & Mittoo, U. R. (2007). What companies need to know about international cross-listing. Journal of Applied Corporate Finance, 19(4), 60–74. https://doi.org/10.1111/j.1745-6622.2007.00160.x
  • Kipkemoi, K. R. (2013). The effect of cross listing on the value of firms cross listed within east africa exchanges (issue october). University of Nairobi. https://erepository.uonbi.ac.ke/bitstream/handle/11295/58858/Kirop_Theeffectofcross-listingonthevalueoffirms.pdf?sequence=3
  • Kleinbaum, D. G. (2010). Logistic regression (W. W. M. Gail, K. Krickeberg, J.M. Samet, A. Tsiatis (ed.) Springer New York. https://doi.org/10.1007/978-1-4757-4108-7_6
  • Kofarmata, I. Y. (2016). An economic analysis of participation in credit market and credit rationing among farmers in Kano State [ Nigeria doctor of Philosophy].
  • Koh, Y., Lee, S., Basu, S., & Roehl, W. S. (2013). Determinants of involuntary cross-listing: US restaurant companies’ perspective. International Journal of Contemporary Hospitality Management, 25(7), 1066–1091. https://doi.org/10.1108/IJCHM-10-2012-0185
  • Korczak, P., & Bohl, M. T. (2005). Empirical evidence on cross-listed stocks of Central and Eastern European companies. Emerging Markets Review, 6(2), 121–137. https://doi.org/10.1016/j.ememar.2004.11.001
  • Kung, F. H., & Cheng, C. L. (2012). The determinants of overseas listing decisions: Evidence from Chinese H-share companies. Asian Business and Management, 11(5), 591–613. https://doi.org/10.1057/abm.2012.24
  • Leech, N. L., Barrett, K. C., & Morgan, G. A. (2005). IBM SPSS for Intermediate Statistics. In E. associates (Ed.), SPSS for intermediate statistics (2nd Edi). Lawrence Erlbaum Associates, Publishers. https://doi.org/10.4324/9780203821848
  • Liow, K. H. (2010). Firm value, growth, profitability and capital structure of listed real estate companies: An international perspective. Journal of Property Research, (October), 37–41. https://doi.org/10.1080/09599916.2010.500459
  • Liu, L. X., & Li, J. (2020). Corporate governance and listing location of Chinese firms: The bonding theory revisited. Journal of the Asia Pacific Economy, 25(1), 40–61. https://doi.org/10.1080/13547860.2019.1612541
  • Makau, S. M., Onyuma, S. O., Okumu, A. N., Samuel, O. O., & Agatha, N. O. (2015). Impact of cross-border listing on stock liquidity: Evidence from East African community. Journal of Finance and Accounting, 3(1), 10. https://doi.org/10.11648/j.jfa.20150301.12
  • Marhfor, A., M’Zali, B., & Charest, G. (2011). International cross-listing and corporate disclosure policy. European Financial Management Association, 1–35. https://efmaefm.org/0EFMAMEETINGS/EFMAANNUALMEETINGS/2011-Braga/papers/0120.pdf
  • Mu, J. (2014). Firms ’ Choices to Cross-list Stocks on the U.S. and the U.K. Markets : An Earnings Quality Perspective (Vol. 1994) [ Doctor of Philosophy]. The University of Aucklan. https://researchspace.auckland.ac.nz/bitstream/handle/2292/22838/whole.pdf?sequence=2
  • Ndirangu, E. W., & Iraya, C. (2016). The effect of cross listing on the accounting quality of firms cross listed in East African Markets. European Scientific Journal, 12(10), 403–416. https://doi.org/10.19044/esj.2016.v12n10p403
  • O’Connor, T. G., & Connor, T. G. O. (2009). Does cross listing in the USA really enhance the value of emerging market firms? Review of Accounting and Finance, 8(3), 308–336. https://doi.org/10.1108/14757700910980877
  • Oehmichen, J. (2017). East meets west-Corporate governance in Asian emerging markets: A literature review and research agenda. International Business Review, 27(2), 465–480. https://doi.org/10.1016/j.ibusrev.2017.09.013
  • Pagano, M., Röell, A. A., & Zechner, J. (2002). The geography of equity listing: Why do companies list abroad? The Journal of Finance, 57(6), 2651–2694. https://doi.org/10.1111/1540-6261.00509
  • Pallant, J. (2011). SPSS SURVIVAL MANUAL a step by step guide to data analysis using SPSS. Allen & Unwin. (4th editio, Vol. 36, Issue 3). https://doi.org/10.1046/j.1365-2648.2001.2027c.x
  • Peng, C.-Y. J., Lee, K. L., & Ingersoll, G. M. (2002). An introduction to logistic regression c and reporting. The Journal of Educational Research, 96(1), 3–14. https://doi.org/10.1080/00220670209598786
  • Piotroski, J. D., & Srinivasan, S. (2008). Regulation and bonding: The sarbanes-oxley act and the flow of international listings. Journal of Accounting Research, 46(2), 383–425. https://doi.org/10.1111/j.1475-679X.2008.00279.x
  • Prommin, P., Jumreornvong, S., & Jiraporn, P. (2014). The effect of corporate governance on stock liquidity: The case of Thailand. International Review of Economics and Finance, 32, 132–142. https://doi.org/10.1016/j.iref.2014.01.011
  • Reese, W. A., & Weisbach, M. S. (2002). Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings. Journal of Financial Economics, 66(1), 65–104. https://doi.org/10.1016/S0304-405X0200151-4
  • Roosenboom, P., van Dijk, M. A., & Dijk, M. A. (2009). The market reaction to cross-listings: Does the destination market matter? Journal of Banking and Finance, 33(10), 1898–1908. https://doi.org/10.1016/j.jbankfin.2009.04.010
  • Sarkissian, S., & Schill, M. J. (2009a). Are there permanent valuation gains to overseas listing? Review of Financial Studies, 22(1), 371–412. https://doi.org/10.1093/rfs/hhn003
  • Sarkissian, S., & Schill, M. J. (2009b). Cross listing waves and the search for value gains. Working Paper, December 2013.
  • Sarkissian, S., & Schill, M. J. (2016). Cross-listing waves. Journal of Financial and Quantitative Analysis, 51(1), 259–306. https://doi.org/10.1017/S0022109016000016
  • Secretary-General of ASEAN. (2003). 2003 Declaration of ASEAN Concord II. http://www.icnl.org/research/library/files/Transnational/2003Declaration.pdf
  • Secretary-General of ASEAN. (2012). 2013-2017 Bali declaration on ASEAN community in a global community of nations “Bali Concord III” Plan of Action (Vol. 91). https://www.asean.org/storage/images/2013/other_documents/POAofBaliConcordIII_final_.pdf
  • Shen, H., Liao, L., & Liao, G. (2010). Cross-listing and bonding premium: Evidence from Chinese listed companies. Frontiers of Business Research in China, 4(2), 171–184. https://doi.org/10.1007/s11782-010-0008-0
  • Singh, D. R. A. (2009). ASEAN: Perspectives on Economic Integration: ASEAN Capital Market Integration: Issues and Challenges Issues and Challenges. http://eprints.lse.ac.uk/43635/
  • Udomsirikul, P., Jumreornvong, S., & Jiraporn, P. (2011). Liquidity and capital structure: The case of Thailand. Journal of Multinational Financial Management, 21(2), 106–117. https://doi.org/10.1016/j.mulfin.2010.12.008
  • Walker, K. (2010). A systematic review of the corporate reputation literature: Definition, measurement, and theory. Corporate Reputation Review, 12(4), 357–387. https://doi.org/10.1057/crr.2009.26
  • Wang, J. (2013). Liquidity commonality among Asian equity markets. Pacific-Basin Finance Journal, 21(1), 1209–1231. https://doi.org/10.1016/j.pacfin.2012.06.003
  • Wang, J., & Zhou, H. (2014). The determinants of trading volume distribution: Evidence from globally cross-listed stocks. Journal of Multinational Financial Management, 25-26, 64–94. https://doi.org/10.1016/j.mulfin.2014.06.003
  • Wanjiru, C. K. (2013). The relationship between cross listing and liquidity: a study of shares cross listed in the east African securities exchanges [ Unpublished MSc project]. University of Nairobi. http://erepository.uonbi.ac.ke/handle/11295/58480
  • Xu, H., Fu, Y., & Jasinskas, E. (2020). Can cross-listing improve investment efficiency? Empirical evidence from China. Economic Research-Ekonomska Istraživanja, 1–25. https://doi.org/10.1080/1331677X.2020.1848606
  • Yao, S., He, H., Chen, S., & Ou, J. (2018). Financial liberalization and cross-border market integration: Evidence from China’s stock market. International Review of Economics & Finance, 58(2018), 220–245. https://doi.org/10.1016/j.iref.2018.03.023
  • You, L., Lucey, B. M., & Shu, Y. (2013). An empirical study of multiple direct international listings. Global Finance Journal, 24(1), 69–84. https://doi.org/10.1016/j.gfj.2013.03.004