What Makes the Bonding Stick? A Natural Experiment Involving the U.S. Supreme Court and Cross-Listed Firms
On March 29, 2010, the U.S. Supreme Court signaled its intention to geographically limit the reach of the U.S. securities antifraud regime and thus differentially exclude U.S.-listed foreign firms from the ambit of formal U.S. antifraud enforcement. We use this legal surprise as a natural experiment to test the legal ...
https://iems.ust.hk/publications/iems-working-papers/licht-what-makes-the-bonding-stick-a-natural-experiment-involving-the-u.s.-supreme-court-and-cross-listed-firms