| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2711 |
| DP2711 Modelling Scale-Consistent VaR with the Truncated Lévy Flight | |
| Christian Wolff; Thorsten Lehnert | |
| 发表日期 | 2001-02-27 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | Despite the increasing integration of capital markets, geography has not yet become irrelevant to finance. Between 1986 and 1997, European public companies have increasingly listed abroad, especially in the US. We relate the cross-listing decisions to the characteristics of the destination exchanges (and countries) relative to those of the home exchange (and country). European companies appear more likely to cross-list in more liquid and larger markets, and in markets where several companies from their industry are already cross-listed. They are also more likely to cross-list in countries with better investor protection, and more efficient courts and bureaucracy, but not with more stringent accounting standards. |
| 主题 | Financial Economics |
| 关键词 | Cross-listings Going public Initial public offerings Geography Stock market competition |
| URL | https://cepr.org/publications/dp2711 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531769 |
| 推荐引用方式 GB/T 7714 | Christian Wolff,Thorsten Lehnert. DP2711 Modelling Scale-Consistent VaR with the Truncated Lévy Flight. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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