Information asymmetry, market segmentation, and cross-listing: Implications for event study methodology

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Title

Information asymmetry, market segmentation, and cross-listing: Implications for event study methodology

Content partner

University of Canterbury Library

Collection

UC Research Repository

Description

This paper connects three subjects related to international financial markets -- (i) information asymmetry, (ii) market segmentation, and (iii) cross-listings -- and highlights their implication for event study methodology. When firms list equities on more than one exchange, and the exchanges are characterized by different information sets, a problem arises as to which exchange(s) to include in the event study sample. If market segmentation impedes the arbitrage of these multiple responses, t...

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Format

Research paper

Research format

Journal article

Date created

2013

Creator

Gu, L. / Reed, W.R.

URL

http://hdl.handle.net/10092/8839

Related subjects

event study / multiple listings / mergers and acquisitions / China / Economics / Applied economics / Financial economics / Applied Economics / International Economics and International Finance

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