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Question 33 2.86 pts Which of the following is NOT true about overseas stock listings as a remedy to agency problem? Companies located in countries
Question 33 2.86 pts Which of the following is NOT true about overseas stock listings as a remedy to agency problem? Companies located in countries with weak governance mechanism can opt to outsource a superior regime by cross-listing in countries with stronger governance mechanisms. No foreign company that register in the U.S. market have an ulterior motive for doing so, as unethical companies would not seek an opportunity for a better governance. Due to the better governance structure of countries with Anglo-American common law tradition (and a better access to global capital), the New York Stock Exchange (NYSE) is a popular destination for cross-border stock listing. O None of the above (all of the above are true)
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