The Overseas Listing Decision: New Evidence of Proximity Preference

By Sergei Sarkissian, Michael J. Schill. 2004

435 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/7178c6a8133b7c11c16362a8c04043fcf6c09525

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Citations in the corpus

The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation (2006, background): “1 Sarkissian and Schill (forthcoming) provide further country-level evidence of this pattern in an event study of firms that were cross-listed as of 1998. Gozzi, Levine, and Schmukler (2005) document a similar pattern in a firm’s Tobin’s q ratio.”
International GAAP Differences - The Impact on Foreign Analysts (2008, neutral): “The crosslisting data are from Sarkissian and Schill (2004) and the number of domestic firms is from World Development Indicators.”
Characterizing World Market Integration through Time (2007, background): “See Sarkissian and Schill (2004) for more evidence on ADR introduction as a liberalization event.”
Multimarket Trading and Liquidity: Theory and Evidence (2007, background): “Recent studies by Biais and Martinez (2002), Sarkissian and Schill (2002) and Pagano, Roell and Zechner (2002) provide evidence that trade, colonial ties, common language and culture and similar industrial structure play important roles in the selection of overseas trading venues for international…”
The World of Cross-Listings and Cross-Listings of the World: Challenging Conventional Wisdom (2006, positive): “The early efforts do show considerable promise in that they are uncovering forces at work related to culture, geography and investor familiarity of which we researchers were previously unaware (Pagano et al., 2001; Pagano et al., 2002; Sarkissian and Schill, 2004).”
What determines the domestic bias and foreign bias (2005, background): “Sarkissian and Schill (2004) find that geographic proximity of the foreign market, along with some other proxies for the degree of familiarity, play a dominant role in selecting overseas listing destinations.”
International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global? (2007, positive): “For example, Sarkissian and Schill (2004) find that geographical proximity and affinity factors, such as trade links and common language, explain cross-listing for a large sample of firms from many markets.”
Home Bias in International Equity Portfolios: A Review (2007, background): “Sarkissian and Schill (2004) show that apart from geographical and cultural proximity, also industrial (economic) proximity plays an important role: overseas listing decisions of firms reflect investment decisions of investors, since cross-listing activity of firms is more common in markets that…”
Network Effects in Countries’ Adoption of IFRS (2014, positive): “7 The notions of geographic, cultural and industrial proximity have been hypothesized and shown to affect firms’ cross-listing behavior (Sarkissian and Schill, 2004).”