Colombian ADRs : why so few?

We address the question of why Colombian companies have had such a limited presence in the ADRs market. Traditional explanations state that investors' protection and the degree of Colombian economic and financial development increases the costs of entry in the ADRs market. However, in the case...

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Autores:
González Ferrero, Maximiliano
Trujillo Dávila, María Andrea
Guzmán Vásquez, Álvaro Alexander
Tipo de recurso:
Work document
Fecha de publicación:
2009
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
spa
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/46375
Acceso en línea:
http://hdl.handle.net/1992/46375
Palabra clave:
Corporate governance
ADRs
Economic and financial development
Internal conflict
American Depositary Receipts - Colombia
Gobierno corporativo - Colombia
Desarrollo económico - Colombia
Conflicto armado y narcotráfico - Aspectos económicos - Colombia
Administración
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/