"There is little evidence that firms have been making listing decisions differently in recent years from how they made them from 1990 to 2001," said Andrew Karolyi, one of the co-authors of the survey.
"There is a valuation premium for firms that list on U.S. exchanges. It is robust and there is no evidence that the listing premium falls after 2001, even for listed firms from countries with good investor protection."
Sarbanes-Oxley not dissuading foreign listings-survey [Reuters]
SEC to finalize Sarbanes-Oxley tweaks [MarketWatch]
No comments:
Post a Comment