Benefits of Compliance with Securities Listing Standards : Evidence From the Depository Receipt Market »
Series: IMF Working Papers
Author(s): Abdourahmane Sarr
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2001
Keywords: Standards implementation, foreign equity investment, standards, equity capital, capital markets, access to international capital markets, Foreign Equity Capital,
The paper finds that costs of implementing stringent securities listing standards may exceed benefits. Depository receipts, a growing source of international equity financing, differ in types by the reporting and d...