Price transmission dynamics between ADRs and their underlying foreign security: the case of Banco de Colombia S. A.- Bancolombia
This paper analyzes the dynamics of the American Depositary Receipt(ADR) of a Colombian bank (Ban-colombia) in relation to its pricingfactors (underlying (preferred) shares price, exchange rate and the US market index). The aim is to testif there is a longterm relation among these variables that wou...
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| Format: | Article |
| Language: | Spanish |
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Universidad ICESI
2005-01-01
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| Series: | Estudios Gerenciales |
| Online Access: | http://www.redalyc.org/articulo.oa?id=21209701 |