The Role of Liquidity in ADR Mispricing: Evidence from Latin America
This paper examines the role of liquidity in explaining mispricing for American Depository Receipt (ADR) issues from four Latin American countries: Argentina, Brazil, Chile, and Mexico. The results developed using panel regression with fixed effects indicate that the severe trading infrequency of so...
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| Format: | Article |
| Language: | English |
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People & Global Business Association (P&GBA)
2015-06-01
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| Series: | Global Business and Finance Review |
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| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150715101908-G4WHP.pdf |