cam a22 2 b4500 530136341 CHVBK 20201027044342.0 m d cr |n |||||||| 130723e20090501dcu s|||| 0 |eng|d 978-1-4519-9732-3 1-4519-9732-9 (EBook) : USD 18.00 Retail Price (Publisher) (SERSOL)ssj0001477839 (WaSeSS)ssj0001477839 BIP US WaSeSS Adelegan Olatundun Janet Author The Impact of the Regional Cross-Listing of Stocks on Firm Value in Sub-Saharan Africa [Elektronische Daten] Washington International Monetary Fund May 2009 1 online resource (208 p.) Free full text available for some or all content. Article availability is subject to change without notice, according to publisher decision. Die Verfügbarkeit der Online-Ressourcen ist Entscheidung des Verlags oder des Urhebers und kann ohne vorherige Ankündigung geändert werden. Annotation This paper examines the impact of regional cross-listing on stock prices. the sample consists of sub- Saharan African firms that have cross-listed during the period 1992-2008. Using event study methodology, the study finds positive abnormal returns around the date of the regional cross-listing of stocks. the positive announcement period effect, together with the normal post cross-listing performance, shows that regional cross-listing increases firm value. Overall, this provides evidence that firms benefit from listing outside their home market and need to be taken into consideration by SSA country authorities as they seek a regional approach to stock market development. Thus, policy makers of both the countries of primary listing (home country) and secondary listing (host country) need the right policy handles to conceptualize, facilitate and steer regional cross-listing efforts by firms. Through complementary policy-based efforts, policy makers can set the stage for regional cross-listings and harness the numerous related benefits. http://elibrary.imf.org/view/IMF001/10082-9781451872460/10082-9781451872460/10082-9781451872460.xml Volltext frei zugänglich BK020053 XK020053 XK020000 IMF E-Library E-Books von 360MarcUpdates IDSBB FREE FREE OL NELFREE2004 IDSBB 100 1- Adelegan Olatundun Janet Author IDSBB 856 40 http://elibrary.imf.org/view/IMF001/10082-9781451872460/10082-9781451872460/10082-9781451872460.xml Volltext frei zugänglich SWISSBIB 088214311