Does the two-fold listing of a stock influence allure share price and liquidity? To explore this question, we secondhand an amendment to the Israeli Securities Law gived in 2000 exempting Israeli associations already business in the US, but not in Israel, from the necessity of also newsgathering to the Israeli Securities Authority. As a result, more than 30 associations exchange on the Nasdaq decided to list their shares on the Tel Aviv Stock Exchange also. Our findings display that because that point, the volume of business of dual filed parties has increased by about 123%. In addition, about 42% of the total book has occurred on the Tel Aviv Stock Exchange outside bearing a negative effect on the volume of work on the Nasdaq. Finally, suitable way, share prices have increased by about 9%. One likely implication of these results for policymakers is the certain effect of harmonized project such as the European Single Passport on worldwide capital markets.
Author(s) Details:
Shmuel Hauser,
Department
of Business Administration, Ben Gurion University of the Negev, Beer Sheva,
Israel.
Rita
Yankilevitz,
Department
of Business Administration, Ben Gurion University of the Negev, Beer Sheva,
Israel.
Rami Yosef,
Department of Business Administration, Ben Gurion University of the
Negev, Beer Sheva, Israel.
Please see the link here: https://stm.bookpi.org/CABEF-V7/article/view/9241
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