Question
In response to a rising number of accounting frauds in India, Airtel, a leading Indian telecom company, is considering cross-listing its shares in the U.S.
In response to a rising number of accounting frauds in India, Airtel, a leading Indian telecom company, is considering cross-listing its shares in the U.S.
(a) (4 points) Why do you think it could be beneficial to Airtel to cross-list its shares in the U.S. in light of the accounting frauds at home? Explain.
Answer:
(b) (4 points) Do you think the cross-listing of Airtel on a U.S. stock exchange will provide any benefits to U.S. investors? Explain.
Answer:
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
