Can a stock exchange improve corporate behavior? Evidence from firms' migration to premium listings in Brazil

Because Brazil's legal system lacked protection for minority shareholders and trading of Brazilian shares flowed to U.S. exchanges, in 2001 the São Paulo Stock Exchange, Bovespa, created three premium exchange listings that require more stringent shareholder protections. This paper examines the...

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Veröffentlicht in:	Journal of corporate finance (Amsterdam, Netherlands) Netherlands), 2012-09, Vol.18 (4), p.883-903
Hauptverfasser:	de Carvalho, Antonio Gledson, Pennacchi, George G.
Format:	Artikel
Sprache:	eng
Schlagworte:	Abnormal returns Bonding Cross-listings Disclosure Premium listings Securities trading Stock exchanges Stockholders Studies
Online-Zugang:	Volltext
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