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Economic Studies Have Found That International Cross-Listing of Securities Across

Question 57

Multiple Choice

Economic studies have found that international cross-listing of securities across financial markets resulted in ________ abnormal returns that were ________ for firms resident in emerging markets with a low level of legal barriers to capital flows than for firms resident in developed countries.


A) positive; greater
B) positive; smaller
C) negative; greater
D) negative; smaller

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