Title: Firm-level access to international capital markets
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.