Date of Award
5-2013
Degree Type
Thesis
Degree Name
Master of Science (MS)
Department
Economics and Finance
Committee
Not specified
Abstract
By calculating cumulative abnormal returns immediately after the new ADR issues, this paper analyzes the markets’ feedback to the issues and finds that the issues positively impact the performance of foreign firms. With the continually internationalization of securities, ADRs, especially those from developing countries, provide advantages that might surpass other types of foreign investments and have become more popular and attractive to American investors.
Recommended Citation
Zhang, Jiang, "Possible Benefits of ADR Issuance: Evidence from Developing Countries" (2013). All Graduate Plan B and other Reports, Spring 1920 to Spring 2023. 307.
https://digitalcommons.usu.edu/gradreports/307
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