Journal of International Financial Management and Accounting最新文献_第2页

Helping to Keep U.S. Capital Markets Competitive: Listing World‐Class Non‐U.S. Firms on U.S. Exchanges 帮助保持美国资本市场的竞争力:上市世界级非美国公司美国交易所上市公司

Journal of International Financial Management and Accounting Pub Date : 1992-06-01 DOI: 10.1111/J.1467-646X.1992.TB00027.X

J. L. Cochrane

引用次数: 10

Managerial Perceptions of the Net Benefits of Foreign Listing: Canadian Evidence 外国上市净收益的管理观念:加拿大的证据

Journal of International Financial Management and Accounting Pub Date : 1992-03-01 DOI: 10.1111/J.1467-646X.1992.TB00021.X

Usha R. Mittoo

{"title":"Managerial Perceptions of the Net Benefits of Foreign Listing: Canadian Evidence","authors":"Usha R. Mittoo","doi":"10.1111/J.1467-646X.1992.TB00021.X","DOIUrl":"https://doi.org/10.1111/J.1467-646X.1992.TB00021.X","url":null,"abstract":"This study provides some insights into managerial perceptions of the costs, benefits, and net benefits of foreign listing through a survey of Canadian firms that have listed their securities on the foreign exchanges in the U.S. and U.K. Access to foreign capital markets and increased stock marketability are perceived to be the major benefits. The SEC reporting and compliance requirements are cited as the major costs of foreign listings. Overall, benefits are perceived to outweigh costs although not significandy. Managerial perceptions of positive net benefits are strongly linked to the levels of trading volume in their firm's stock on foreign exchanges. This study is useful for managers contemplating foreign listings. Our findings indicate that the listing decision requires careful scrutiny in terms of potential costs and benefits which may depend on many firm specific factors. Firms conducting most of their business abroad and issuing a greater percentage of equity abroad are likely to have a greater appeal for foreign investors irrespective of their size and industry. While multiple listings on foreign exchanges may not imply higher foreign trading volumes, fewer domestic exchange listings are associated with higher foreign trading volumes.","PeriodicalId":427225,"journal":{"name":"Journal of International Financial Management and Accounting","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1992-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114700982","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 184

Cash Position, Credit Risk and Hedging 现金头寸，信用风险和套期保值

Journal of International Financial Management and Accounting Pub Date : 1992-03-01 DOI: 10.1111/J.1467-646X.1992.TB00019.X

G. Boyle

引用次数: 0

The Debt/Equity Swap in Latin America– In Whose Interest? 拉丁美洲的债转股——对谁有利?

Journal of International Financial Management and Accounting Pub Date : 1992-03-01 DOI: 10.1111/J.1467-646X.1992.TB00020.X

R. Grosse

{"title":"The Debt/Equity Swap in Latin America– In Whose Interest?","authors":"R. Grosse","doi":"10.1111/J.1467-646X.1992.TB00020.X","DOIUrl":"https://doi.org/10.1111/J.1467-646X.1992.TB00020.X","url":null,"abstract":"This paper presents the basic analytics of a debt/equity swap and illustrates the concept with a detailed example of American Express Bank's swap transactions that began in 1986 and have resulted in construction of seven hotels in Mexico during the course of the swap agreement. The economics of the swap are presented from the lending bank's view, from the foreign direct investor's view, and from the borrowing country's view. It is concluded that: swaps offer net benefits to the borrower country when additional investment is generated (from the swap transaction itself and/or from encouraging further investment as a result of the swap policy); they offer net benefits to the lender when future loan servicing prospects are poor and viable investment opportunities exist; and they offer net benefits to the direct investor when the cost of financing the investment through the swap is less than for alternative financing sources. \u0000 \u0000 \u0000 \u0000The analytical framework presented here allows the bank lender to formally compare alternatives of holding impaired LDC loans on its books, selling the loans in the secondary market, trading the loans for loans from another country, and swapping the loans for equity investments in the borrowing country. It similarly allows the government policymaker to compare the relevant economic costs and benefits of swaps, so that better swap policies can be developed.","PeriodicalId":427225,"journal":{"name":"Journal of International Financial Management and Accounting","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1992-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128205928","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 8

Environmental Factors Influencing Mergers and Acquisitions in Japan 影响日本企业并购的环境因素

Journal of International Financial Management and Accounting Pub Date : 1991-06-01 DOI: 10.1111/J.1467-646X.1991.TB00102.X

Terence Cooke

引用次数: 7

Accounting Information and Investment Risk Perception in the UK 英国的会计信息与投资风险认知

Journal of International Financial Management and Accounting Pub Date : 1991-06-01 DOI: 10.1111/J.1467-646X.1991.TB00103.X

J. Capstaff

引用次数: 14

The Introduction of Universal Banking in Canada: An Event Study 加拿大引进全能银行:一个事件研究

Journal of International Financial Management and Accounting Pub Date : 1991-06-01 DOI: 10.1111/J.1467-646X.1991.TB00100.X

Hugh Thomas, I. Walter

引用次数: 3

Capital Market Reactions to Accounting Earnings Announcements in an International Context 国际背景下资本市场对会计盈余公告的反应

Journal of International Financial Management and Accounting Pub Date : 1991-06-01 DOI: 10.1111/J.1467-646X.1991.TB00099.X

G. Meek

引用次数: 24

Swap Pricing and Default Risk: A Note 掉期定价与违约风险

Journal of International Financial Management and Accounting Pub Date : 1990-03-01 DOI: 10.1111/J.1467-646X.1990.TB00018.X

Bruno Solnik

引用次数: 19

The Implication of Globalism is Globalism 全球主义的含义就是全球主义

Journal of International Financial Management and Accounting Pub Date : 1900-01-01 DOI: 10.1111/1467-646X.00063

Paul A. Volcker

引用次数: 9