American Depositary Receipts (ADR) Holdings of U.S. Based Emerging Market Funds

American Depositary Receipts (ADR) Holdings of U.S. Based Emerging Market Funds

For a foreign "issuer," the benefits of cross-listing in the United States are extensively documented in the literature. However it is not clear what motivates "investors" to hold American Depositary Receipts (ADRs) rather than the underlying stock of these issuers. The authors a...

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Bibliographic Details
Main Authors: Aggarwal, Reena, Dahiya, Sandeep, Klapper, Leora
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ADR
ARBITRAGE
ASSETS
BENCHMARK
BID
BOOK VALUE
BUNDLING
CAPITAL MARKET
COST OF CAPITAL
DISCLOSURE
DISCLOSURE REQUIREMENTS
DIVIDENDS
DOMESTIC MARKET
DOMESTIC MARKETS
EMERGING MARKET
EMERGING MARKETS
FINANCIAL MARKETS
FOREIGN CURRENCY
FOREIGN EQUITIES
FOREIGN FIRMS
GDP
GDP PER CAPITA
HOME MARKET
INCOME
INSIDER TRADING
INSTITUTIONAL INVESTORS
INVESTMENT AMOUNT
INVESTMENT CLIMATE
INVESTOR PROTECTION
LIQUIDITY
MARKET DEVELOPMENT
MARKET MICROSTRUCTURE
MARKET VALUE
MINORITY SHAREHOLDERS
MUTUAL FUND
MUTUAL FUNDS
NASDAQ
NYSE
PORTFOLIO
PREEMPTIVE RIGHTS
PRIVATE PLACEMENT
PRIVATE PROPERTY
PROPERTY RIGHTS
PURCHASING
SALE
SPREAD
STATEMENTS
STOCKS
TELECOMMUNICATIONS
TOTAL MARKET CAPITALIZATION
TRADERS
TRANSPARENCY
TRUST COMPANY
TURNOVER
VALUATION
VOLATILITY
WEALTH
Online Access:http://documents.worldbank.org/curated/en/2005/03/6501286/american-depositary-receipts-adr-holdings-based-emerging-market-funds
http://hdl.handle.net/10986/8555

Internet

http://documents.worldbank.org/curated/en/2005/03/6501286/american-depositary-receipts-adr-holdings-based-emerging-market-funds
http://hdl.handle.net/10986/8555

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