Maestría en Ciencias en Finanzas (tesis)

URI permanente para esta colección

Mostrando 1 - 1 de 1

Análisis del impacto de los ADR´S de empresas latinoamericanas en sus mercados de valores locales
(Universidad EAFIT, 2009) Escobar Berdugo, Alexander; Torres Avendaño, Gabriel Ignacio
The American Depositary Recept (ADR) have presented an interesting development since their creation. In the early of century XX, They have been widely used by South American companies from 80’s decade. Such development have generated a lot of interest concerning to the impact that’s produced by the evaluation for this financial instruments in local stock exchange, and the global integration level which they can generate in growing markets which companies used they for to extend their number of customer and gain monetary resources. In this way, for analyze the impact of these financial instruments on South American stock exchange, analysis are used which are focused in development of local stock Exchange vs. the ADR’s behavior associated to local companies. In this order of ideas through statistics methodologies which improve the temporal structure and observed cross section in this type of stock exchange, The different interactions between North American ADR’s exchange and South American stock exchange which companies use highly this instruments.