Company managers who are concerned about their share price performance may want to take a closer look at a recent study, which has found that Asian companies with established depositary receipts programmes can gain significant value and liquidity advantages compared with companies without DRs.
The study, which has been conducted by independent research firm Oxford Metrica in association with Bank of New York Mellon, also shows that companies with DRs have shown more resilience during the current financial crisis than those without DRs, suggesting that it is worthwhile for a company to consider DRs as a means to both attract and retain investors. The benefits apply both to listed and unlisted DR programmes,...
¬ Haymarket Media Limited. All rights reserved.
