English, Article, Journal or magazine article edition: Escape from New York: the market impact of SEC Rule 12h-6 Nuno Fernandes; Ugur Lel; Darius P. Miller

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/28053
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Escape from New York: the market impact of SEC Rule 12h-6
Author
  • Nuno Fernandes
  • Ugur Lel
  • Darius P. Miller
Physical Description
  • preprint
Notes
  • We examine the stock market impact of SEC Rule 12h-6 which eased the ability of foreign firms to deregister with the SEC and as a result terminate their U.S. disclosure obligations under the 1934 Securities Exchange Act. We document that the market reacted negatively to the ability of firms from weak disclosure and governance countries to more easily opt out of the stringent U.S. reporting and legal environment. Our findings suggest that shareholders of non-U.S firms place significant value on U.S. securities regulations, especially when the home country investor protections are weak.
  • International finance
  • RePEc:fip:fedgif:945
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment