Leseprobe
TABLE OF CONTENTS
I. INTRODUCTION
II LISTING ON THE NYSE AND ITS CONSEQUENCES
A. DAIMLER’S ADR LISTING
B. CONSEQUENCES FOR DAIMLER
C. DAIMLER’S REASONS FOR LISTING
1. LIQUIDITY
2. PRESTIGE
3. BONDING
4. DAIMLER’S NEED FOR RESTRUCTURING
III. LEGISLATIVE CHANGES IN GERMANY AND THE U.S
A REFORM OF THE GERMAN FINANCIAL MARKETS
1. THE SECURITIES TRADING ACT (1994)
2. THE TAKEOVER ACT (2002)
B. IAS/IFRS
C. SARBANES-OXLEY AND ITS GERMAN COUNTERPARTS
1. SOX’S CORE PROVISIONS
2. INCONSISTENCIES/CONFLICTS WITH GERMAN LAW
3. DUAL COMPLIANCE COST
IV. TRADING IN DAIMLER SHARES TODAY
A DELISTING REQUIREMENTS
B. CHANGED INVESTOR BEHAVIOR
C. ADR PROGRAM
V. CONCLUSION
APPENDIX A. HISTORY OF GERMAN COMPANIES ON THE NYSE
APPENDIX B. DELISTINGS BY FOREIGN COMPANIES IN NUMBERS
APPENDIX C. DOMESTIC AND FOREIGN DELISTING RATES
APPENDIX D. CROSS-HOLDINGS IN GERMAN PUBLIC COMPANIES IN 1996 AND 2002
APPENDIX E. FOREIGN OWNERSHIP OF DAX 30 COMPANIES (AS OF 2005)
- Arbeit zitieren
- Andreas Wöller, LL.M. (Fordham) (Autor:in), 2011, How the Globalization of Capital Markets Has Affected the Listing Behavior of Foreign Issuers, München, GRIN Verlag, https://www.grin.com/document/174214
Ähnliche Arbeiten
Kostenlos Autor werden
Kommentare