ADR effects on domestic Latin American financial market

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The purpose of this paper is to revisit and extend previous research work that examines the ADR-listing effects on the trading process of all the domestically-listed stocks in the main Latin American exchanges. The most important result is consistent with the idea of a greater isolation (from global...

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Detalles Bibliográficos
Autor: Mendiola Cabrera, Alfredo
Formato: artículo
Fecha de Publicación:2010
Institución:Universidad ESAN
Repositorio:ESAN-Institucional
Lenguaje:inglés
OAI Identifier:oai:repositorio.esan.edu.pe:20.500.12640/2663
Enlace del recurso:https://revistas.esan.edu.pe/index.php/jefas/article/view/276
https://hdl.handle.net/20.500.12640/2663
https://doi.org/10.46631/jefas.2010.v15n28.02
Nivel de acceso:acceso abierto
Materia:International finance
Economic integration
Finanzas internacionales
Integración económica
https://purl.org/pe-repo/ocde/ford#5.02.04
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spelling Mendiola Cabrera, Alfredo2021-11-10T14:49:52Z2021-11-10T14:49:52Z2010-06-30https://revistas.esan.edu.pe/index.php/jefas/article/view/276Mendiola, A. (2010). ADR effects on domestic Latin American financial market. Journal of Economics, Finance and Administrative Science, 15(28), 45-64. https://doi.org/10.46631/jefas.2010.v15n28.02https://hdl.handle.net/20.500.12640/2663https://doi.org/10.46631/jefas.2010.v15n28.02The purpose of this paper is to revisit and extend previous research work that examines the ADR-listing effects on the trading process of all the domestically-listed stocks in the main Latin American exchanges. The most important result is consistent with the idea of a greater isolation (from global markets) of the singly-listed stocks in the post-cross-listing period. These results persist over the cross-listing months. As expected, the cross-listed stocks become more integrated in the post-cross listing period.El propósito de este artículo es revisar y extender trabajos de investigación en que se examinan los efectos de emitir ADRs en el proceso de negociación de las acciones listadas en los mercados de valores latinoamericanas. El resultado más impor-tante es consistente con la idea de un mayor aislamiento (de mercados financieros internacionales) de las acciones listadas únicamente en el mercado doméstico en el período posterior a la emisión de los ADRs. Estos resultados son persistentes en el tiempo. Como era de esperarse, las acciones sobre las que se han emitido ADRs se encuentran más integradas con mercados financieros internacionales en períodos posteriores a la emisión de este.application/pdfInglésengUniversidad ESAN. ESAN EdicionesPEurn:issn:2218-0648https://revistas.esan.edu.pe/index.php/jefas/article/view/276/162Attribution 4.0 Internationalinfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by/4.0/International financeEconomic integrationFinanzas internacionalesIntegración económicahttps://purl.org/pe-repo/ocde/ford#5.02.04ADR effects on domestic Latin American financial marketinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículoreponame:ESAN-Institucionalinstname:Universidad ESANinstacron:ESANhttps://orcid.org/0000-0002-0927-2999Acceso abiertoJournal of Economics, Finance and Administrative Science64284515THUMBNAIL28.jpg28.jpgimage/jpeg285125https://repositorio.esan.edu.pe/bitstreams/ea1a4e36-22ff-4c99-b33f-5b7bf5e796e9/download6c25ff10b301d5c17aef79d74b78375eMD51falseAnonymousREADJEFAS-28-2010-45-64.pdf.jpgJEFAS-28-2010-45-64.pdf.jpgGenerated Thumbnailimage/jpeg4052https://repositorio.esan.edu.pe/bitstreams/e27f9824-31bc-4a79-bcaf-4c1c29e69af6/download551ca3d743dd9a9ad38f7006c945a004MD54falseAnonymousREADORIGINALJEFAS-28-2010-45-64.pdfTexto completoapplication/pdf505531https://repositorio.esan.edu.pe/bitstreams/82e7fa9b-fb62-48eb-9ffd-e2ebe8e19d68/download3d5e5f02281fcaaffe25cf1847f06161MD52trueAnonymousREADTEXTJEFAS-28-2010-45-64.pdf.txtJEFAS-28-2010-45-64.pdf.txtExtracted texttext/plain57263https://repositorio.esan.edu.pe/bitstreams/902b4350-ec2e-46b3-a752-5ff6569eef83/download87a69413dde20b134b7d18f03a89223dMD53falseAnonymousREAD20.500.12640/2663oai:repositorio.esan.edu.pe:20.500.12640/26632025-07-09 09:29:43.708https://creativecommons.org/licenses/by/4.0/Attribution 4.0 Internationalopen.accesshttps://repositorio.esan.edu.peRepositorio Institucional ESANrepositorio@esan.edu.pe
dc.title.en_EN.fl_str_mv ADR effects on domestic Latin American financial market
title ADR effects on domestic Latin American financial market
spellingShingle ADR effects on domestic Latin American financial market
Mendiola Cabrera, Alfredo
International finance
Economic integration
Finanzas internacionales
Integración económica
https://purl.org/pe-repo/ocde/ford#5.02.04
title_short ADR effects on domestic Latin American financial market
title_full ADR effects on domestic Latin American financial market
title_fullStr ADR effects on domestic Latin American financial market
title_full_unstemmed ADR effects on domestic Latin American financial market
title_sort ADR effects on domestic Latin American financial market
author Mendiola Cabrera, Alfredo
author_facet Mendiola Cabrera, Alfredo
author_role author
dc.contributor.author.fl_str_mv Mendiola Cabrera, Alfredo
dc.subject.en_EN.fl_str_mv International finance
Economic integration
topic International finance
Economic integration
Finanzas internacionales
Integración económica
https://purl.org/pe-repo/ocde/ford#5.02.04
dc.subject.es_ES.fl_str_mv Finanzas internacionales
Integración económica
dc.subject.ocde.none.fl_str_mv https://purl.org/pe-repo/ocde/ford#5.02.04
description The purpose of this paper is to revisit and extend previous research work that examines the ADR-listing effects on the trading process of all the domestically-listed stocks in the main Latin American exchanges. The most important result is consistent with the idea of a greater isolation (from global markets) of the singly-listed stocks in the post-cross-listing period. These results persist over the cross-listing months. As expected, the cross-listed stocks become more integrated in the post-cross listing period.
publishDate 2010
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dc.identifier.citation.none.fl_str_mv Mendiola, A. (2010). ADR effects on domestic Latin American financial market. Journal of Economics, Finance and Administrative Science, 15(28), 45-64. https://doi.org/10.46631/jefas.2010.v15n28.02
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https://hdl.handle.net/20.500.12640/2663
https://doi.org/10.46631/jefas.2010.v15n28.02
identifier_str_mv Mendiola, A. (2010). ADR effects on domestic Latin American financial market. Journal of Economics, Finance and Administrative Science, 15(28), 45-64. https://doi.org/10.46631/jefas.2010.v15n28.02
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