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|Title:||Why invest in invester protection? New evidences from ADR market.||Authors:||Monish Chhabra.||Keywords:||DRNTU::Business::Finance::Investments||Issue Date:||2006||Abstract:||The purpose of this study is to examine the effects of cross-sectional differences in the level of investor protection across different countries on the firm liquidity, cost of equity and valuation. I analyze 251 firms from 26 different countries listed as ADRs in US as on June 30, 2002. I find that the country-level investor protection has a strong impact on all three stock-related variables.||URI:||http://hdl.handle.net/10356/7572||Rights:||Nanyang Technological University||Fulltext Permission:||restricted||Fulltext Availability:||With Fulltext|
|Appears in Collections:||NBS Theses|
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