Agyemang ABalli FGregory-Allen RBalli HO2024-05-292024-05-292024Agyemang A, Balli F, Gregory-Allen R, Balli HO. (2024). Cross-listing flows under uncertainty: an international perspective. Applied Economics. 56. 19. (pp. 2357-2374).0003-6846https://mro.massey.ac.nz/handle/10179/69703The 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.(c) The author/shttps://creativecommons.org/licenses/by-nc-nd/4.0/Economic policy uncertaintycross-listingGranger CausalityQuantile on Quantile Regressionand Wavelet CoherenceJournal article10.1080/00036846.2023.21863681466-4283CC BY-NC-NDjournal-article2357-2374