Regulation, accounting policy and governance : examination of the choice of international stock exchanges for foreign firms
This thesis examines the flow of foreign listings across international stock exchanges between 1995 and 2008. Although United States (US) stock exchanges have traditionally been the leading market for foreign listings, European and Toronto stock exchanges have emerged as strong competitors to US stock exchanges. This thesis investigates the role of regulatory, reporting and economic factors in the decision to list in a particular country, and to list on a particular exchange within that...[Show more]
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