Equity Cross-Listings in the U.S. and the Price of Debt

Abstract

This paper examines whether foreign firms can raise debt capital at lower costs after their shares are cross-listed in the U.S., and the sources of these debt market benefits. Employing a large global sample of public bonds and syndicated loans, we find strong evidence that firms with shares cross listed on U.S. exchanges or in the over-the-counter market… (More)

Topics

7 Figures and Tables

Cite this paper

@inproceedings{Ball2009EquityCI, title={Equity Cross-Listings in the U.S. and the Price of Debt}, author={Ryan T. Ball and Florin P. Vasvari and Anne Beatty and G{\"u}nther Gebhardt and Wayne Guay and Cathy Schrand}, year={2009} }