| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 963497 | Journal of International Financial Markets, Institutions and Money | 2012 | 30 Pages |
Abstract
⺠We investigate the U.S. listing and delisting decisions of German companies. ⺠Market segmentation and bonding theories suggest positive valuation effects. ⺠But we find no evidence for cost of capital reductions or increased market values. ⺠Rule 12h-6 prompted 13 of the 18 cross listed companies to delist from U.S. markets. ⺠We examine the reasons for delisting and provide a case by case analysis for the firms still listed.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Wolfgang Bessler, Fred R. Kaen, Philipp Kurmann, Jan Zimmermann,