American depository receipts, listing, and market efficiency: three case studies.: An article from: Mid-Atlantic Journal of Business

This digital document is an article from Mid-Atlantic Journal of Business, published by Stillman School of Business on December 1, 1998. The length of the article is 6129 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Case studies of three foreign operations in America revealed that the financial performance of directly listed shares in US stock-exchanges was at par with the performance of American Depository Receipts (ADR). This refutes the perception of some foreign companies that direct listing offers increased profit advantages over ADR. Information updates on the foreign entities, Telecomunicacoes Brasileiras SA, Astra AB and Mavesa SA, were just as timely before, during and after direct listing in the New York Stock Exchange.

Citation Details
Title: American depository receipts, listing, and market efficiency: three case studies.
Author: Thomas J. Webster
Publication:Mid-Atlantic Journal of Business (Refereed)
Date: December 1, 1998
Publisher: Stillman School of Business
Volume: 34 Issue: 3 Page: 273(2)

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