Understanding the ADR Premium under Market Segmentation

Understanding the ADR premium under market segmentation by Matthieu Stigler, Ajay Shah and Ila Patnaik.

The abstract reads: Capital controls can induce large and persistent deviations from the Law of One Price for cross-listed stocks in international capital markets. A considerable literature has explored firm-specific factors which influence ADR pricing when LOP is violated. . . . → Read More: Understanding the ADR Premium under Market Segmentation

Economic Events on August 19, 2010

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 480,000 new jobless claims last week, which would would be an slight increase in claims from last week’s number, which was the highest since February.

At 10:00 AM EDT, the Leading Indicators report for . . . → Read More: Economic Events on August 19, 2010