Price transmission dynamics between ADRs and their underlying foreign security: The case of Banco de Colombia S.A.- Bancolombia.

This paper analyzes the dynamics ofthe American Depositary Receipt (ADR) of a Colombian bank (Bancolombia) in relation to its pricing factors (underlying (preferred) shares price, exchange rate and the US market index). The aim is to test if there is a long-term relation among these variables that w...

Full description

Autores:
Berggrun Preciado, Luis
Tipo de recurso:
Article of investigation
Fecha de publicación:
2005
Institución:
Universidad ICESI
Repositorio:
Repositorio ICESI
Idioma:
eng
OAI Identifier:
oai:repository.icesi.edu.co:10906/795
Acceso en línea:
http://hdl.handle.net/10906/795
http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/175
http://biblioteca2.icesi.edu.co/cgi-olib/?infile=details.glu&loid=160718
Palabra clave:
American depositary receipts
Stationarity (Unit root) Test
Vector error correction model
Cointegración
Producción intelectual registrada - Universidad Icesi
Economía
Econometría
Economics
Econometrics models
Rights
openAccess
License
https://creativecommons.org/licenses/by-nc-nd/4.0/