Critically review the content of these two papers on the merits to companies of cross-listing their shares on stock exchanges: Fernandes, Nuno and Giannetti, Mariassunta (2013) On the fortunes of Stock Exchanges and their reversals: Evidence from foreign listings European Central Bank, Working Paper Series 1585, September 2013 Sarkissian, Sergei and Schill, Michael, J. (2009)
Are there permanent valuation gains to overseas listing?
Review of Financial Studies 22, 371-412.
You are not expected to explain or evaluate the statistical methodologies in both papers.
Rather, you are expected to identify and comment on the findings of both papers and on how these findings support, contradict or add to our understanding of the motivation for firms to cross-list.
Article - Are There Permanent Valuation Gains to Overseas Listing by Sergei Sarkissian and Michael J. Schill?
Working Paper Series no 1585 on the Fortunes of stock exchanges and their reversals evidence From foreign listings
Nuno Fernandes and Mariassunta Giannetti
Attachment:- Assignment.rar