"Home, Sweet Home„ – Die Entwicklung des Handelsvolumens deutscher Aktien im Ausland
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"Home, Sweet Home„ – Die Entwicklung des Handelsvolumens deutscher Aktien im Ausland
Grote, Michael H. | Kube, Florian | Küchen, Michael
Credit and Capital Markets – Kredit und Kapital, Vol. 42 (2009), Iss. 1 : pp. 25–54
2 Citations (CrossRef)
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Prof. Dr. Michael H. Grote, Frankfurt School of Finance and Management, Professur für Corporate Finance, Sonnemannstraße 9–11, D-60314 Frankfurt/M.
Florian Kube, Lenaustraße 80, D-60318 Frankfurt/M.
Michael Küchen, KPMG Deutsche Treuhand-Gesellschaft, Advisory, Marie-Curie-Straße 30, D-60439 Frankfurt/M.
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Zur Wertrelevanz freiwilliger Managementprognosen in Deutschland
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The Cross‐Listing and Cross‐Trading of German Companies in the U.S. and of Foreign Companies in Germany
Bessler, Wolfgang | Kaen, Fred R. | Schneck, ColinJournal of Applied Corporate Finance, Vol. 27 (2015), Iss. 4 P.58
https://doi.org/10.1111/jacf.12146 [Citations: 4]
Abstract
"Home, Sweet Home„ – Trends in the Volume of Trade in German Stocks Abroad
We analyze the extent to which shares of German enterprises are traded at foreign stock exchanges over time. We find that – after a considerable initial trading activity – the flowback effects to Germany gain in importance. Secondary quotations at foreign stock exchanges should broaden the shareholder basis and, thus, decrease capital cost and ultimately increase shareholder value. This presupposes a sufficiently large trading volume in foreign stock markets. Measured by this yardstick quotations of German stocks at foreign stock markets have not been successful. This does not apply to all firms, however: Shares of smaller and growing enterprises with higher proportions of foreign sales trade to a larger extent in foreign stock markets.