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境外上市经济学 被引量:2

The Economics of Cross-Border Listings
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摘要 据世界证券交易所联合会(World Federation of Exchanges)统计,1996年其会员交易所中外资股的交易额为1.37万亿美元,占总交易额的比率为8.76%,到2005年,这两项数字分别达到了5.76万亿美元和11.28%,表明外资股在境外交易所中的活跃度日益增强。本刊美国特约编辑杰姆斯·巴茨(James Barth)博士推荐此稿,两位作者分别为美国萨佛克大学(Suffolk University)金融副教授和伊丽莎白城学院(Elizabethtown College)金融助理教授,他们在文中简要分析了境外上市的好处和成本,意在为即将或已经赴境外上市的中国各家银行提供些参考。 According to the statistics of the World Federation of Exchanges, the market for foreign shares has become increasingly active and important over time. This article discusses a firm's decision to list its shares on overseas exchanges, explain the benefits and costs of cross-border listings and concludes with implications of cross-listings for Chinese banks.
出处 《银行家》 北大核心 2006年第9期90-91,共2页 The Chinese Banker
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同被引文献8

  • 1Stapleton R,Subrahmanyam.Market imperfections,capital market equilibrium and corporation finance[J].Journal of Finance,1977,32:307-319.
  • 2Amihud Y,Mendelson.Asset pricing and the bid-ask spread[J].Journal of Financial Economics,1986(7):223-249.
  • 3Varela O,Lee S.International listings,the security market line and capital market segmentation:the case of U.S.listings on the London stock exchange[J].Journal of Business Finance and Accounting,1993,20:843-863.
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  • 6Eurrunza V R,Miller D P.Market segmentation and the cost of capital in international equity markets[J].Journal of Financial Quantitative Analysis,2000,35(4):577-600.
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  • 8王一萱,才静涵.中国企业海外上市市盈率比较研究[J].证券市场导报,2007(11):30-36. 被引量:7

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