Cross-delisting, financial constraints and investment sensitivities

We investigate the impact of cross-delisting on firms’ financial constraints and investment sensitivities. We find that firms that cross-delisted from a U.S. stock exchange face stronger post-delisting financial constraints than their cross-listed counterparts, as measured by investment-to-cash flow...

Full description

Bibliographic Details
Main Author: Loureiro, Gilberto (author)
Other Authors: Silva, Sónia Maria da Silva Faria Nogueira da (author)
Format: workingPaper
Language:eng
Published: 2015
Subjects:
Cross-Delisting
Financial Constraints
Information Asymmetry
Investment-to-Cash Flow Sensitivity
Investment-to-Price Sensitivity
Online Access:http://hdl.handle.net/1822/38942
Country:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/38942

Internet

http://hdl.handle.net/1822/38942

Similar Items