Information frictions and the integration of international capital markets
This thesis comprises three individual studies examining factors associated with information frictions in the international capital market. Study I examines the impact of loosening disclosure requirements initiated by Rule 12h-6 on firm innovation. Using a difference-in-differences (DID) research design, I predict and find that cross-listed firms experience a significant reduction in innovation in the post-Rule 12h-6 period, compared with non-cross-listed domestic firms, suggesting...[Show more]
|Three Essays on the Integration of Global Capital Markets_2022.pdf||Thesis Material||2.82 MB||Adobe PDF|
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