Competition and cooperation among exchanges: A theory of cross-listing and endogenous listing standards☆

By Thomas J. Chemmanur, P. Fulghieri. 2006

152 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/bdd36c8ff627581581837bbacedaf53dbd0d3f06

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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, background): “To date there has been very little attention paid to the study of firms who make their first public stock offerings on foreign exchanges and the factors which impact the benefits of international listings (Davenport, Dolan, and Hayashi, 2000; Chemmanur and Fulghieri, 2006).”
The World of Cross-Listings and Cross-Listings of the World: Challenging Conventional Wisdom (2006, unknown): “Chemmanur and Fulghieri (2005) have recently extended this effort but have concluded that firms benefit from a presence at an exchange with a high reputation or stringent disclosure requirements only if investors can produce information about them at a low cost at the same time.”
Microstructure and Ambiguity (2010, background): “There is a large and important literature in microstructure looking at such issues (see, for example, Macey and O’Hara [1998; 2003]; Parlour and Seppi [2003]; Foucault and Parlour [2004]; Werner and Panchepegasan [2004]; Chemmanur and Fulghieri [2005])), with much of this research focusing on how th”
Dynamic Order Submission Strategies with Competition between a Dealer Market and a Crossing Network (2007, unknown): “Other work on the competition between trading systems includes Glosten (1998), Santos and Scheinkman (2001), Di Noia (2001), Viswanathan and Wang (2002), Chemmanur and Fulghieri (2006), a CN and a DM. Existing models, however, consider a static environment to analyze this competition.”
Convergence of Corporate Governance: Critical Review and Future Directions (2009, background): “One of the most interesting developments in equity markets in recent years has been the number of firms that list their shares in multiple exchanges around the world (Chemmanur and Fulghieri, 2006; Bell, Moore and Al-Shammari, 2008).”
Cross-Listing, Investment Sensitivity to Stock Price, and the Learning Hypothesis (2012, unknown): “First, a cross-listing in the U.S. is a way to reach investors who possess unique private information (“expertise”) about the U.S component of firms’ cash-flows (as argued by Chemmanur and Fulghieri (2006)).”
Stock price informativeness, cross-listings, and investment decisions (2006, unknown): “The role of disclosure requirements is also analyzed in Chemmanur and Fulghieri (2004) .5 In their”
Economic Consequences of Financial Reporting and Disclosure Regulation: A Review and Suggestions for Future Research (2008, unknown): “The latter can have benefits and drawbacks for the development and enforcement of mandatory disclosures (e.g., Mahoney, 1997; Romano, 1998 and 2001; Huddart et al., 1999; Rock, 2002; Chemmanur and Fulghieri, 2006).”