| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5023 |
| DP5023 Reciprocal Dumping with Bertrand Competition | |
| Mattias Ganslandt; Richard Friberg | |
| 发表日期 | 2005-04-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We investigate the distribution of trading volume across different venues after a company lists abroad. In most cases, after an initial blip, foreign trading declines rapidly to extremely low levels. However, there is considerable cross-sectional variation in the persistence and magnitude of foreign trading. The ratio between foreign and domestic trading volume is higher for smaller, more export and high-tech oriented companies. It is also higher for companies that cross-list on markets with lower trading costs and better insider trading protection. Foreign trading is high close to the cross-listing date but decreases dramatically in the subsequent six months. This accords with the ?flow-back hypothesis? that declining foreign trading is associated with the gravitational pull of the home market. |
| 主题 | Financial Economics |
| 关键词 | Trading volume Cross-listing Flow-back |
| URL | https://cepr.org/publications/dp5023 |
| 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/533921 |
| 推荐引用方式 GB/T 7714 | Mattias Ganslandt,Richard Friberg. DP5023 Reciprocal Dumping with Bertrand Competition. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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