Foreign Listing Location: A Study of MNCS and Stock Exchanges in Eight Countries

Journal of International Business Studies, Vol. 26, No. 2, pp. 319-341, 1995

23 Pages Posted: 7 Oct 2010 Last revised: 9 Nov 2010

See all articles by Shahrokh M. Saudagaran

Shahrokh M. Saudagaran

University of Washington, Tacoma - Milgard School of Business

Gary C. Biddle

University of Melbourne - Faculty of Business and Economics; Columbia Business School; HKU Business School; London Business School

Date Written: March 5, 1995

Abstract

This study aims to enhance our understanding of multiple listings by addressing the where question related to foreign listings. It examines factors that influence firms' choices of foreign stock excanges. Based on a sample of 459 internationally traded MNCs, with at least one foreign listing on one of nine major stock exchanges (in eight countries) at year-end 1992, we find strong evidence that foreign listing locations are significantly influenced by 1) financial disclosure levels, and 2) the level of exports to a given foreign country.

Suggested Citation

Saudagaran, Shahrokh M. and Biddle, Gary C., Foreign Listing Location: A Study of MNCS and Stock Exchanges in Eight Countries (March 5, 1995). Journal of International Business Studies, Vol. 26, No. 2, pp. 319-341, 1995 , Available at SSRN: https://ssrn.com/abstract=1687534

Shahrokh M. Saudagaran

University of Washington, Tacoma - Milgard School of Business ( email )

1900 Commerce Street
Campus Box 358420
Tacoma, WA 98402-3100
United States

Gary C. Biddle (Contact Author)

University of Melbourne - Faculty of Business and Economics ( email )

Level 8, Dept of Accounting
198 Berkeley Street, Carlton
Melbourne, Victoria 3010 3010
Australia
61-3-8344-9807 (Phone)
61-3-9349-2397 (Fax)

HOME PAGE: http://https://findanexpert.unimelb.edu.au/profile/774767-gary-biddle

Columbia Business School ( email )

3022 Broadway
New York, NY 10027
United States

HKU Business School ( email )

00000
Hong Kong

London Business School ( email )

Sussex Place
Regent's Park
London, London NW1 4SA
United Kingdom

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
140
Abstract Views
1,053
rank
230,274
PlumX Metrics