The Market Reaction to Secondary Listings: Evidence from Selected Companies Listed on the Johannesburg Stock Exchange

@inproceedings{Omarjee2016TheMR,
  title={The Market Reaction to Secondary Listings: Evidence from Selected Companies Listed on the Johannesburg Stock Exchange},
  author={Irfaan Omarjee and Tasneem Suliman Joosub and David A. L. Coldwell},
  year={2016}
}
(ProQuest: ... denotes formulae omitted.)INTRODUCTIONThe listing of a company's shares on a foreign stock exchange as well as on a local stock exchange is referred to as a secondary listing (Shi, 2012). The decision to pursue an offshore secondary listing is driven by the requirements of a company's core business. Most companies require a large amount of capital to fund growth. As South Africa still limits capital transfer, and the local capital market is too small to provide sufficient funding… CONTINUE READING

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