JEFAS Vol. 15 Nº 28 (2010)
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Browsing JEFAS Vol. 15 Nº 28 (2010) by Author "Mendiola Cabrera, Alfredo"
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Item Metadata only ADR effects on domestic Latin American financial market(Universidad ESAN. ESAN Ediciones, 2010-06-30) Mendiola Cabrera, AlfredoThe purpose of this paper is to revisit and extend previous research work that examines the ADR-listing effects on the trading process of all the domestically-listed stocks in the main Latin American exchanges. The most important result is consistent with the idea of a greater isolation (from global markets) of the singly-listed stocks in the post-cross-listing period. These results persist over the cross-listing months. As expected, the cross-listed stocks become more integrated in the post-cross listing period.