Cross-listing flows under uncertainty: an international perspective
dc.citation.issue | 19 | |
dc.citation.volume | 56 | |
dc.contributor.author | Agyemang A | |
dc.contributor.author | Balli F | |
dc.contributor.author | Gregory-Allen R | |
dc.contributor.author | Balli HO | |
dc.date.accessioned | 2024-05-29T23:50:28Z | |
dc.date.available | 2024-05-29T23:50:28Z | |
dc.date.issued | 2024 | |
dc.description.abstract | The impact of policy uncertainty on corporate decisions and strategies continues to receive significant interest in recent discussions. As a contribution, this study examines how economic policy uncertainty (EPU) in the domestic and global markets impacts corporate cross-listing decisions. To this end, we employ firm and country-level data from 1990 to 2016 from 13 countries. We implement a Granger Causality, Quantile on Quantile Regression (QQR), and Wavelet Coherence approaches and show that monthly local and global EPU influence the cross-listing decisions of firms, with stronger influence for firms from smaller domestic markets. We suggest that firms from smaller domestic markets seek more cross-listing in the face of high local EPU and reduce or avoid cross-listing during high global EPU periods. Our findings suggest that policy transparency could have important implications for current and future corporate decisions. | |
dc.description.confidential | false | |
dc.edition.edition | 2024 | |
dc.format.pagination | 2357-2374 | |
dc.identifier.citation | Agyemang A, Balli F, Gregory-Allen R, Balli HO. (2024). Cross-listing flows under uncertainty: an international perspective. Applied Economics. 56. 19. (pp. 2357-2374). | |
dc.identifier.doi | 10.1080/00036846.2023.2186368 | |
dc.identifier.eissn | 1466-4283 | |
dc.identifier.elements-type | journal-article | |
dc.identifier.issn | 0003-6846 | |
dc.identifier.uri | https://mro.massey.ac.nz/handle/10179/69703 | |
dc.language | English | |
dc.publisher | Taylor and Francis Group | |
dc.publisher.uri | https://www.tandfonline.com/doi/full/10.1080/00036846.2023.2186368 | |
dc.relation.isPartOf | Applied Economics | |
dc.rights | (c) The author/s | en |
dc.rights.license | CC BY-NC-ND | en |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | en |
dc.subject | Economic policy uncertainty | |
dc.subject | cross-listing | |
dc.subject | Granger Causality | |
dc.subject | Quantile on Quantile Regression | |
dc.subject | and Wavelet Coherence | |
dc.title | Cross-listing flows under uncertainty: an international perspective | |
dc.type | Journal article | |
pubs.elements-id | 460753 | |
pubs.organisational-group | Other |