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...
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| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2015
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| Texto completo: | http://hdl.handle.net/1822/38942 |
| País: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/38942 |