A Theoretical Analysis of the Investor Protection Regulations Argument for Global Listing of Stocks

@inproceedings{Fuerst1998ATA,
  title={A Theoretical Analysis of the Investor Protection Regulations Argument for Global Listing of Stocks},
  author={Oren Fuerst},
  year={1998}
}
Global listing of stocks has become a major topic in international capital markets. Many argue that the U.S. investor protection system discourages foreign firms from listing and raising capital in the U.S. However, there has recently been an increase in the number of foreign firms listing their shares in the U.S. This paper analyzes managers' decision as to which international market to cross-list their firms' shares on. It is shown that when markets differ in their regulatory environment… CONTINUE READING

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