Excerpt
Excerpt
What Makes the Bonding Stick? A Natural Experiment Involving the U.S. Supreme Court and Cross-Listed Firms. Jordan I. Siegel, Christopher Poliquin, August 27, 2013, Paper. "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 exploit this legal surprise as a natural experiment to test the legal bonding hypothesis..." Link