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Market Reaction to International Cross-Listing: Evidence from Nigeria
| Content Provider | Semantic Scholar |
|---|---|
| Author | Ma'aji, Muhammad M. Abdullahi, Sadiq Rabiu |
| Copyright Year | 2014 |
| Abstract | This paper examines market reaction to international dual listings. The sample consists of the only six (6) firms that cross-listed their equity abroad and which are also listed in the Nigerian Stock Exchange. The market reaction to a cross-listing program is positive and seen as a welcoming development to the selected companies and their shareholders at large. The stock price reaction is related to choice of exchange, geographical location (i.e., emerging or developed markets), and avenues for raising equity capital (i.e., public versus private offerings). |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.jitbm.com/JITBM%2027th%20volume/2%20Cross%20Listing-%20Econmics.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |