Stocks traded on nyse and nasdaq
Please read the layout guide and lead section guidelines to ensure the section will still be inclusive of all essential details. Stocks traded on nyse and nasdaq Read Edit View history. This is primarily due to market inefficiencies and structures required to maintain the integrity of registered shares within specific jurisdictions typically regulatory driven. They also highlight the incomplete understanding of why firms cross-list outside the UK and the United States, as many of the arguments discussed above enhanced liquidity, improved disclosure, and bonding do not apply.
The academic literature has identified a number of different arguments to cross-list abroad in addition to a listing on the domestic exchange. Recent research,  shows that the listing premium for crosslisting has evaporated, due to new U. This article's lead section may be too long for the length of the article.
Views Read Edit View history. Primary market Secondary market Third market Fourth market. Prices are subject to local market conditions, as well as FX fluctuations and are not kept in perfect parity between markets.
Some financial media have argued that the implementation of the Sarbanes-Oxley act in the United States has made the Stocks traded on nyse and nasdaq less attractive for cross-listings, but recent academic research finds little evidence to support this, see Doidge, Karolyi, and Stulz However, many companies cross-list, where the stock is technically fungible between exchanges. Please discuss this issue on the article's talk page.
On the question of what deters them from an official US listing, they mentioned the time-consuming and expensive US-GAAP reconciliations as well as listing fees as the hardest impediments. Evaluating Foreign Listing Choices over Time". Prices are subject to local market conditions, as well as FX fluctuations and are not kept in perfect parity between markets.