Do Non-U.S. Firms Issue Equity on U.S. Stock Exchanges to Relax Capital Constraints?
By K. Lins, D. Strickland, M. Zenner. 2005
335 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/3cc498d4bfb7214087de4dda1bd4b278169b3d42
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Christian Leuz
- Luzi Hail
- Iftekhar Hasan
- Peter D. Wysocki
- M. V. Dijk
- Bill Francis
- S. Schmukler
- Geert Bekaert
In Finance
- Christian Leuz
- Geert Bekaert
- Luzi Hail
- Campbell R. Harvey
- S. Schmukler
- M. V. Dijk
- Iftekhar Hasan
- Esteban Vesperoni
Citations in the corpus
- Strategic and institutional effects on foreign IPO performance : Examining the impact of country of origin, corporate governance, and host country effects (2012, result): “These findings support research by Lins, Strickland and Zenner (2004) as well as that of Reese”
- The market reaction to cross-listings: Does the destination market matter? (2009, positive): “Reese and Weisbach (2002) and Lins et al. (2005) show that cross-listings by firms from countries with weaker investor protection lead to greater subsequent equity issues and a relaxation of capital constraints.”
- Corporate governance and investment-cash flow sensitivity: Evidence from emerging markets (2013, background): “…system, the rule of law, the risk of expropriation, corruption, and legal origin—on firms' investment–cash flow sensitivity (see, e.g., Love, 2003; Lins et al., 2005), there is little if any evidence on the relationship between investment–cash flow sensitivity and firm-level corporate…”
- International Evidence on Cash Holdings and Expected Managerial Agency Problems (2007, neutral): “…limited to accessing capital only from poorly developed home markets, capital constraints can occur [Reese and Weisbach (2002), Claessens and Laeven (2003), Lins, Strickland, and Zenner (2005), and Levine 2 For U.S. firms, Fama and French (1998) find a positive relation between value and dividends.”