The globalization of capital markets, combined with the recent consolidation wave among stock exchanges, has encouraged growing competition among major listing centres to capture companies choosing to raise capital through equity issues beyond their home markets. In the chapter the reader will be provided with a review of related theories and empirical findings. Such review will be precipitated by a picture of the cross-listing market in the last decade, in order to better appreciate the past evolution of studies and new emerging perspectives.
Cross listing and the evolution of global stock market liquidity
GERANIO, MANUELA
2012
Abstract
The globalization of capital markets, combined with the recent consolidation wave among stock exchanges, has encouraged growing competition among major listing centres to capture companies choosing to raise capital through equity issues beyond their home markets. In the chapter the reader will be provided with a review of related theories and empirical findings. Such review will be precipitated by a picture of the cross-listing market in the last decade, in order to better appreciate the past evolution of studies and new emerging perspectives.
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