| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1009682 | International Journal of Hospitality Management | 2011 | 4 Pages |
Abstract
Globalization and market liberalization have resulted in more firms being listed on foreign stock exchanges. Even though cross-listing is an important corporate financial decision, research in this area for the hospitality discipline has been limited. The current study investigates issues of international cross-listing from the perspective of diversification. The findings from examination of five risk-adjusted measurements—Jensen's Alpha, Treynor Index, Sharpe Ratio, Sortino Ratio, and Upside Potential Ratio—for U.S. casino companies show that cross-listing improves U.S. casinos’ performances in terms of Jensen's Alpha and Sharpe Ratio, but not in terms of the other three measures.
Keywords
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Strategy and Management
Authors
Yoon Koh, Seoki Lee,