A strategic perspective of cross-listing by emerging market firms: Evidence from Indonesia, Mexico, Poland and South AfricaYama Temouri, Nigel Driffield and Sumon Bhaumik Journal of International Management, 2016, vol. 22, issue 3, 265-279 Abstract: This paper develops an approach to the analysis of cross-listing that brings together the financial and non-financial benefits of the phenomenon. We employ the real options framework, which offers a detailed characterisation of the strategic issues associated with cross-listing, in the context of internationalisation of emerging market firms. The associated hypotheses are tested using firm-level data from four large emerging market economies with different profiles in terms of institutional quality and financial development. This allows us to extend the existing literature by isolating the relative importance of institutional quality and financial development for the benefits of cross-listing. Keywords: Real options; Cross-listing; Investor protection; Corporate governance; Emerging market economies (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:intman:v:22:y:2016:i:3:p:265-279 Ordering information: This journal article can be ordered from DOI: 10.1016/j.intman.2016.04.003 Access Statistics for this article Journal of International Management is currently edited by M. Kotabe More articles in Journal of International Management from Elsevier |
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