碩士 / 開南大學 / 會計資訊學系 / 97 / This article examines the impact of cross-listing and financial
crises on firm values and their defensiveness relative to those non
cross-listing firms. Cross-listing enable firms to increase their
shareholder bases, liquidity, and firm values as well as decreasing
their cost of capital. This research uses multiple regression analysis
to study sample from 1997 to 2008 from the Taiwan Economic Journal
(TEJ). Our study have four important findings. First, the firm
values of cross-listing are lower than those of non cross-listing.
Second, the cross-listing location of Europe or America has better
cross-listing premiums than those of Asia. Third, cross-listing firms
are more defensive than those of non cross-listings during the global
financial crises times, but it aren’t more defensive during the Asian
financial crises times. Last, the SOX impacts cross-listing firm
values negatively.
| Identifer | oai:union.ndltd.org:TW/097KNU00736014 |
| Date | January 2009 |
| Creators | Wu Chia Wei, 吳珈瑋 |
| Contributors | Lin Yue Ju, 林月珠 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 60 |
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