{"id":"https://openalex.org/W7113682290","doi":null,"title":"Essays on Cross-Listing Dynamics: Implications for Performance and Governance for Firms from Emerging Economies","display_name":"Essays on Cross-Listing Dynamics: Implications for Performance and Governance for Firms from Emerging Economies","publication_year":2025,"publication_date":"2025-09-15","ids":{"openalex":"https://openalex.org/W7113682290"},"language":"en","primary_location":{"id":"pmh:oai:https://hull-repository.worktribe.com/:5461869","doi":null,"is_oa":true,"landing_page_url":"https://hull-repository.worktribe.com/file/5461869/1/Thesis","pdf_url":"https://hull-repository.worktribe.com/file/5461869/1/Thesis","source":{"id":"https://openalex.org/S4306400827","display_name":"Repository@Hull (Worktribe) (University of Hull)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I191240316","host_organization_name":"University of Hull","host_organization_lineage":["https://openalex.org/I191240316"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Thesis"},"volume":null,"type":"dissertation","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://hull-repository.worktribe.com/file/5461869/1/Thesis","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Olakunle, Akinola","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Olakunle, Akinola","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0008999999845400453,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/cross-listing","display_name":"cross-listing","score":0.9819999933242798},{"id":"https://openalex.org/keywords/emerging-market-firms","display_name":"emerging market firms","score":0.9900000095367432},{"id":"https://openalex.org/keywords/cost-of-capital","display_name":"cost of capital","score":0.9520000219345093},{"id":"https://openalex.org/keywords/firm-valuation","display_name":"business valuation","score":0.8669999837875366},{"id":"https://openalex.org/keywords/tobin-s-q","display_name":"Tobin's Q","score":0.8939999938011169},{"id":"https://openalex.org/keywords/debt-equity-ratio","display_name":"debt to equity ratio","score":0.9700000286102295},{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.8700000047683716},{"id":"https://openalex.org/keywords/board-governance","display_name":"board governance","score":0.718999981880188},{"id":"https://openalex.org/keywords/dual-class-shares","display_name":"dual-class shares","score":0.8429999947547913},{"id":"https://openalex.org/keywords/minority-shareholder-expropriation","display_name":"minority shareholder expropriation","score":0.9660000205039978},{"id":"https://openalex.org/keywords/leverage-adjustment","display_name":"leverage adjustment","score":0.9430000185966492},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.906000018119812},{"id":"https://openalex.org/keywords/international-market-access","display_name":"international market access","score":0.7609999775886536}],"concepts":[{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.8440999984741211},{"id":"https://openalex.org/C610760","wikidata":"https://www.wikidata.org/wiki/Q1340706","display_name":"Endogeneity","level":2,"score":0.8274999856948853},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.7720000147819519},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.6917999982833862},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5248000025749207},{"id":"https://openalex.org/C162144332","wikidata":"https://www.wikidata.org/wiki/Q1665305","display_name":"Instrumental variable","level":2,"score":0.484499990940094},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.48399999737739563},{"id":"https://openalex.org/C202552767","wikidata":"https://www.wikidata.org/wiki/Q1901350","display_name":"Market value","level":2,"score":0.4510999917984009},{"id":"https://openalex.org/C143910263","wikidata":"https://www.wikidata.org/wiki/Q750458","display_name":"Capital market","level":2,"score":0.4375999867916107},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.43160000443458557},{"id":"https://openalex.org/C74734477","wikidata":"https://www.wikidata.org/wiki/Q1479274","display_name":"Cost of capital","level":3,"score":0.41429999470710754},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.37880000472068787},{"id":"https://openalex.org/C172497479","wikidata":"https://www.wikidata.org/wiki/Q302208","display_name":"Capital expenditure","level":2,"score":0.3422999978065491},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.3382999897003174},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.33660000562667847},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.3343999981880188},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.31619998812675476},{"id":"https://openalex.org/C6571938","wikidata":"https://www.wikidata.org/wiki/Q3274486","display_name":"Omitted-variable bias","level":2,"score":0.3142000138759613},{"id":"https://openalex.org/C162748667","wikidata":"https://www.wikidata.org/wiki/Q683131","display_name":"Generalized method of moments","level":3,"score":0.31369999051094055},{"id":"https://openalex.org/C16051113","wikidata":"https://www.wikidata.org/wiki/Q828814","display_name":"Market share","level":2,"score":0.31220000982284546},{"id":"https://openalex.org/C195534400","wikidata":"https://www.wikidata.org/wiki/Q641443","display_name":"Factor market","level":2,"score":0.29750001430511475},{"id":"https://openalex.org/C155739000","wikidata":"https://www.wikidata.org/wiki/Q877707","display_name":"Market structure","level":2,"score":0.29649999737739563},{"id":"https://openalex.org/C2778661386","wikidata":"https://www.wikidata.org/wiki/Q5035708","display_name":"Capital market imperfections","level":3,"score":0.28949999809265137},{"id":"https://openalex.org/C44970651","wikidata":"https://www.wikidata.org/wiki/Q17014030","display_name":"Fixed effects model","level":3,"score":0.27950000762939453},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.26409998536109924},{"id":"https://openalex.org/C180075932","wikidata":"https://www.wikidata.org/wiki/Q5333342","display_name":"Econometric model","level":2,"score":0.2619999945163727},{"id":"https://openalex.org/C80515813","wikidata":"https://www.wikidata.org/wiki/Q1134763","display_name":"Corporate finance","level":2,"score":0.2603999972343445},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.26010000705718994},{"id":"https://openalex.org/C51926234","wikidata":"https://www.wikidata.org/wiki/Q3312426","display_name":"Market microstructure","level":3,"score":0.25870001316070557},{"id":"https://openalex.org/C9778290","wikidata":"https://www.wikidata.org/wiki/Q1900659","display_name":"Market value added","level":3,"score":0.25600001215934753}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:https://hull-repository.worktribe.com/:5461869","doi":null,"is_oa":true,"landing_page_url":"https://hull-repository.worktribe.com/file/5461869/1/Thesis","pdf_url":"https://hull-repository.worktribe.com/file/5461869/1/Thesis","source":{"id":"https://openalex.org/S4306400827","display_name":"Repository@Hull (Worktribe) (University of Hull)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I191240316","host_organization_name":"University of Hull","host_organization_lineage":["https://openalex.org/I191240316"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Thesis"},{"id":"pmh:oai:hull-repository.worktribe.com:5461869","doi":null,"is_oa":true,"landing_page_url":"https://hull-repository.worktribe.com/5461869/1/Thesis","pdf_url":"https://hull-repository.worktribe.com/preview/5461877/Complete%20Thesis%20-%20Final-1.pdf","source":{"id":"https://openalex.org/S4306400827","display_name":"Repository@Hull (Worktribe) (University of Hull)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I191240316","host_organization_name":"University of Hull","host_organization_lineage":["https://openalex.org/I191240316"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Thesis"}],"best_oa_location":{"id":"pmh:oai:https://hull-repository.worktribe.com/:5461869","doi":null,"is_oa":true,"landing_page_url":"https://hull-repository.worktribe.com/file/5461869/1/Thesis","pdf_url":"https://hull-repository.worktribe.com/file/5461869/1/Thesis","source":{"id":"https://openalex.org/S4306400827","display_name":"Repository@Hull (Worktribe) (University of Hull)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I191240316","host_organization_name":"University of Hull","host_organization_lineage":["https://openalex.org/I191240316"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Thesis"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7113682290.pdf","grobid_xml":"https://content.openalex.org/works/W7113682290.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":[],"abstract_inverted_index":{"This":[0,265],"thesis":[1,39,287],"aims":[2],"to":[3,124,152],"examine":[4],"the":[5,33,55],"implications":[6,290],"of":[7,35,45,57,122,149,263],"cross-listing":[8,30,42,69,143,179,239,269,298],"for":[9,80,207,291],"emerging":[10,63,81,208],"market":[11,17,64,76,82,138,198,209,248,279],"firms":[12,83,228,254,261],"across":[13,132],"three":[14],"dimensions:":[15],"capital":[16,22,183,188,222],"outcomes,":[18],"governance":[19,36,59,191,203],"mechanisms,":[20,37],"and":[21,32,49,66,118,128,137,167,278,295,300],"structure":[23,184,223],"dynamics.":[24],"Motivated":[25],"by":[26],"conflicting":[27],"evidence":[28],"about":[29],"benefits":[31,270],"effectiveness":[34,56],"this":[38],"investigates":[40],"how":[41,68],"affects":[43],"cost":[44],"capital,":[46],"firm":[47,135,159,274],"valuation,":[48],"debt-to-equity":[50,174,236],"ratio":[51,175],"(DER)":[52],"optimisation;":[53],"evaluates":[54],"Anglo-American":[58,202],"standards":[60],"imposed":[61],"on":[62,85,273],"firms;":[65],"analyses":[67],"influences":[70],"leverage":[71,231,257],"adjustment":[72,232],"processes":[73],"under":[74],"different":[75,133],"conditions.Data":[77],"is":[78],"obtained":[79],"cross-listed":[84],"major":[86],"international":[87,247],"exchanges":[88],"during":[89,243],"2000-2023.":[90],"The":[91,173,286],"study":[92,266],"employs":[93],"advanced":[94],"econometric":[95],"techniques":[96],"including":[97],"Doubly":[98],"Robust":[99],"estimation,":[100],"Two-Way":[101],"Fixed":[102],"Effects,":[103],"Two-Stage":[104],"Least":[105],"Square":[106],"(2SLS),":[107],"Random":[108],"Effect":[109],"Instrumental":[110],"Variable":[111],"(RE-IV),":[112],"Limited":[113],"Information":[114],"Maximum":[115],"Likelihood":[116],"(LIML),":[117],"System":[119],"Generalised":[120],"Method":[121],"Moments":[123],"address":[125],"endogeneity":[126],"concerns":[127],"establish":[129],"causal":[130],"relationships":[131],"industries,":[134],"sizes,":[136],"periods.The":[139],"findings":[140,288],"show":[141,193],"that":[142,178,201,226,268],"often":[144],"increases":[145],"Weighted":[146],"Average":[147],"Cost":[148],"Capital":[150],"contrary":[151],"conventional":[153],"assumptions,":[154],"yet":[155],"creates":[156],"significant":[157,195],"long-term":[158],"value":[160],"through":[161],"Tobin's":[162],"Q,":[163],"particularly":[164,241],"in":[165],"Energy":[166],"Food,":[168],"Beverage":[169],"&":[170],"Tobacco":[171],"industries.":[172],"analysis":[176,224],"demonstrates":[177,267],"enables":[180,250],"more":[181],"flexible":[182],"management":[185],"despite":[186,218],"higher":[187,230],"costs.":[189],"Board":[190],"mechanisms":[192],"no":[194],"association":[196],"with":[197],"performance,":[199],"indicating":[200],"structures":[204,213],"prove":[205],"inadequate":[206],"firms.":[210],"Dual-class":[211],"share":[212],"enable":[214],"systematic":[215],"minority":[216],"shareholderexpropriation":[217],"enhanced":[219],"regulatory":[220,301],"oversight.The":[221],"reveals":[225],"smaller":[227],"demonstrate":[229],"speeds":[233],"toward":[234],"target":[235],"ratios,":[237],"whilst":[238],"becomes":[240],"valuable":[242],"financial":[244],"crises":[245],"when":[246],"access":[249],"continued":[251],"optimisation.":[252],"Value":[253],"exhibit":[255],"slower":[256],"adjustments":[258],"than":[259,282],"growth":[260],"regardless":[262],"size.":[264],"depend":[271],"critically":[272],"characteristics,":[275],"industry":[276],"environments,":[277],"conditions":[280],"rather":[281],"providing":[283],"universal":[284],"advantages.":[285],"have":[289],"corporate":[292],"managers,":[293],"investors,":[294],"policymakers":[296],"regarding":[297],"decisions":[299],"frameworks.":[302]},"counts_by_year":[],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2025-12-10T00:00:00"}
