The Spillover Effect Analysis of the Cross-Listing Firms in China

摘要：

Based on the market reactions of domestic firms to the cross-listing, we study the spillover effect of the cross-listing on the domestic firms. We find the empirical evidence of trade diversion effect, but can not find the evidence of risk diversion effect on the domestic firms, so the overseas cross-listing in our country may result in a cross listing- diversion effect –cross listing vicious circle, not a catalyst to the domestic stock market development.

关键词： Cross-Listing Diversion Effect Risk Dispersion

作者: 陈国进 王景

作者单位: 厦门大学王亚南经济研究院 福建 厦门 361005

会议类型: 国际会议

会议名称: 2007年中国国际金融年会

会议地点: 成都

会议语种:英文

在线出版日期: 2007-07-09（万方平台首次上网日期，不代表论文的发表时间）