Firm-level access to international capital markets
Subtitle: evidence from Chilean equities
By: Sara B. Holland and Francis E. Warnock.
Contributors: Warnock, Francis E.
Series: International finance discussion papers ;; no. 753; International finance discussion papers (Online) ;; no. 753.
Publisher: Federal Reserve Board
Published: 2003
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Description: "High growth, liquid Chilean firms have greater relative weights in U.S.  equity portfolios, but the most important determinant of a firm's portfolio weight is whether it is listed on a U.S.  exchange.  Cross-listing does not, however, appear to have permanent benefits: Weights in U.S.  portfolios of firms that cross-listed in the mid-1990s increased at the expense of firms that cross-listed earlier.  Put another way, firms appear to be able to access international capital at the time of the cross-listing, but this access may well be short-lived"--Federal Reserve Board web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 9/16/2004.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.