This essay surveys the extant literature and adds to the empirical evidence on issuance
activity, flotation costs, and valuation effects of security offerings. We focus primarily on …

Why firms from around the world seek to cross-list their shares on overseas exchanges has
intrigued scholars during the past two decades. A general dissatisfaction with the …

There has long prevailed a conventional wisdom rationalizing why firms pursue overseas
listings. It argues that firms seek such opportunities to benefit from a lower cost of capital that …

The accelerating pace of global capital market integration has provided new opportunities
for firms to raise capital abroad through global debt issues, cross-listings, and initial public …

Using a cross section of effectively the entire universe of overseas listings across world
markets, we examine the market preferences of firms listing their stock abroad. We find that …

Foreign firms from emergent economies are increasingly seeking equity capital in
developed economies like the United States. Utilizing institutional, signaling, and agency …

We extend the domain of liability of foreignness (LOF) research to capital markets and
evaluate whether firms incur LOF when attempting to raise debt capital abroad. We rely …

Abstract Manuscript Type Empirical Research Question/Issue We examine the way in which
the exit mode (ie, initial public offering–IPO, trade sale, or write‐off) of venture capital (VC) …

An increasing number of firms are making initial public offerings in foreign markets to
circumvent constraints in the availability of capital and to provide an exit for their investors …

Although many of the benefits of cross-listing have been examined in prior research,
potential improvements in price efficiency have received less attention. We examine the …