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• W651945607 abstract "The present study investigates the impact of cross listing of ADRs on the Indian stock market for the period June 2004 to July 2009. Average abnormal returns and cumulative average abnormal returns are calculated for the [-25, +25] event window, with the ADR listing date being the event date. The result indicates a significant negative abnormal local market return on the ADR listing day. Six out of nine companies shows increased volatility of local returns after the cross listing. We can conclude that ADR listings have no tangible benefit impact to the local shareholders." @default.
• W651945607 created "2016-06-24" @default.
• W651945607 creator A5055109046 @default.
• W651945607 date "2010-10-25" @default.
• W651945607 modified "2023-09-25" @default.
• W651945607 title "Indian Stock Market Reaction to International cross-listing: Evidence from Depository Receipts" @default.
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