Internationalization and Stock Market Liquidity

By Ross Levine, S. Schmukler. 2005

185 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/9702a5e093575b5f587b0f1f63caf5b2f6d27d7a

Citations in the corpus

• Financial Development in Latin America and the Caribbean : The Road Ahead [El desarrollo financiero en América Latina y el Caribe : el camino por delante] (2011, unknown): “Two interrelated but clearly distinct questions in this regard are first: Why is the offshoring of equity turnover so large in the case of LAC? And second: Why has offshoring seemingly had such a depressing impact on domestic equity market liquidity? Levine and Schmukler (2007) shed light on the sec”
• What Are the Best Liquidity Proxies for Global Research (2017, unknown): “3 See Jain (2005), Levine and Schmukler (2006), Henkel, Jain, and Lundblad (2008), Henkel (2008), DeNicolo and Ivaschenko (2009), and Clark (2011).”
• Liquidity and Expected Returns: Lessons from Emerging Markets (2007, unknown): “Finally, recent research by Lowengrub and Melvin (2002), Karolyi (2006), and Levine and Schmukler (2006) suggests that the trading activity of cross-listed securities may migrate to foreign markets.”
• Access to Financial Services (2009, unknown): “…local firms to list in a foreign stock exchange can both improve access and cost of equity finance for large local firms (Aggarwal, Klapper, and Wysocki 2005) and help import corporate governance (Coffee 2002), it can also result in a loss of liquidity for small local firms (Levine and Schmukler 2007).”
• Stock market development and internationalization: Do economic fundamentals spur both similarly? (2006, unknown): “27 Karolyi (2004) and Moel (2001) offer evidence on how the use of ADRs is negatively related to local market development.”
• Short-Run Pain, Long-Run Gain: Financial Liberalization and Stock Market Cycles (2007, unknown): “Liberalization might as well reduce domestic stock market liquidity, exacerbating cycles (Levine and Schmukler, 2006).”
• Finance, Financial Sector Policies, and Long-Run Growth (2008, unknown): “…although empowering the markets and focusing on information disclosure are policies that promote bank stability most effectively in countries where there is strong rule of law, we do not observe negative effects of such policies even in low -income countries (Beck, Demirguc-Kunt and Levine, 2006).”
• International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global? (2007, unknown): “25 See de la Torre and Schmukler (2006) for a detailed discussion.”