Using a sample of stocks from developed and emerging markets, we analyze the sensitivity of investment to stock price. Consistent with prior research, we find a

We show that a cross-listing allows a firm to make better investment decisions because it enhances stock price informativeness. This theory of cross-listings yi

“Read Jack Ablin’s ‘five factor’ approach to investing and you not only will sleep better at night, you’ll be a smarter, wiser human being. Ablin take

Stock prices and real investments are highly correlated. Previous literature has offered two main explanations for this high correlation. The first explanation