Contemporaneous ADR Pricing: Intraday Dynamics During Overlapping Trading Hours

Forthcoming in European Journal of Finance.

The following are PDF files of the abstract and the appendix tables of the paper.

Abstract (PDF)

Table A1 - Summary of ADRs and Preliminary Statistics on Data After Performing Contemporaneous Pairwise (PDF)

Table A2 - T-Tests on the Difference Between ADR and Currency-Adjusted Local Share Prices and Summary of (PDF)

Table A3 - Pooled Cross-Section and Time-Series ADRs in the Presence of All Driver Variables - Currency Dummy Variables Approach (PDF)

Table A4 - Pooled Cross-Section and Time-Series ADRs in the Presence of All Driver Variables - Sector Dummy Variables Approach (PDF)