We study the determinants and consequences of cross-listings on the New York and London stock exchanges from 1990 to 2005. This investigation enables us...
The global financial crisis highlighted the interconnectedness of international financial markets and the risk of contagion it posed. The crisis also...
We provide a new explanation to the limited stock market participation puzzle. In deciding whether to buy stocks, investors factor in the risk of being...
We analyze a comprehensive sample of more than 10,000 U.S. stocks in the OTC market. As little is known about this market, we first characterize OTC firms...
Much has been written on the subject of abusive shareholder litigation. The last decade has witnessed at first an increase and then a dramatic spike in...
Before deciding on operations involving share issuance or sale, companies or shareholders may seek to disclose information to selected investors, in...