Title: Look at me now
Description: "We use a comprehensive 1997 survey to examine U.S.  investors' preferences for foreign equities.  We document a variety of firm characteristics that can influence U.S.  investment, but the most important determinant is whether the stock is cross-listed on a U.S.  exchange.  Our selection bias-corrected estimates imply that firms that cross-list can increase their U.S.  holdings by 8 to 11 percent of their market capitalization, roughly doubling the amount held without cross-listing.  All else equal, we find that firms experience smaller increases in U.S.  shareholdings upon cross-listing if they are Canadian, from English-speaking countries, are members of the MSCI World index, or had higher quality accounting standards prior to cross-listing.  We argue that these findings suggest that improvements in information production explain U.S.  investors' attraction to foreign stocks that cross-list in the United States"--Federal Reserve Board web site.