Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
967897 | Journal of Multinational Financial Management | 2013 | 16 Pages |
Abstract
We investigate whether cross-listing in the US contributes to impound more earnings information into stock prices. Our results indicate that US exchange cross-listings are not associated with more future earnings news reflected in current prices, in accord with the view that such mechanism does not improve the information environment of non-US firms. This main finding is robust to many aspects of our methodology.
► We examine whether US cross-listings improve the flow of private information into stock prices. ► We find that cross-listing in the US is not associated with more future earnings news reflected in current prices. ► Our findings suggest that US cross-listings do not improve stock price informativeness.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Guy Charest, Jean-Claude Cosset, Ahmed Marhfor, Bouchra M’Zali,