ADR Effects on Domestic Latin American Financial Market

20 Pages Posted: 29 May 2010

Date Written: May 27, 2010


The purpose of this paper is to revisit and extend previous research work that examines the ADR-listing effects on the trading process of all the domestically-listed stocks in the main Latin American exchanges. The most important result is consistent with the idea of a greater isolation (from global markets) of the singly-listed stocks in the post-cross-listing period. These results persist over the cross-listing months. As expected, the cross-listed stocks become more integrated in the post-cross listing period.

Keywords: International finance, economic integration

Suggested Citation

Mendiola, Alfredo M., ADR Effects on Domestic Latin American Financial Market (May 27, 2010). Journal of Economics, Finance & Administrative Science, Vol. 15, No. 28, 2010. Available at SSRN:

Alfredo M. Mendiola (Contact Author)

affiliation not provided to SSRN

No Address Available

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