Atıf Sayısı
10
Görüntüleme
51
İndirme
22
In this study, we investigate the impact of international cross listings on risk and return of the ADRs issued by Turkish companies’ stocks. In this context the impact of international cross listing to 26 underlying stocks’ data is analysed by using event study methodology, variance ratio analysis and Arch Garch models. As a result, we find that abnormal returns are negative on the listing day, the day before/after and all abnormal returns are insignificant except on listing date. Also, according to variance ratio test results, variance of the most stocks increase following the ADR listing.
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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