"Seeking Capital Abroad: Motivations, Process, and Suggestions for Success"
In the Author's Words
The accelerating pace of global capital market integration in the last two decades
has had a profound impact on the strategies pursued by companies, including their
strategies for accessing capital resources outside of their home markets. Today’s
cross-border capital flows take a variety of forms, including overseas IPOs, foreign
direct investment, cross-border acquisitions, cross listings, and foreign portfolio
investment.
In this article, we discuss the corporate motives and other factors that have contributed to this growth in the international capital-raising activity of companies around the world. Although the U.S. and U.K. exchanges have been the top host markets and continue to capture over half of all foreign listings, we highlight several new stock exchanges that have seen considerable growth in cross-border listings in recent years. But even with all the growth in international capital raising activity, companies often face considerable obstacles in their attempts to source capital outside of their home markets. We discuss the most common of these obstacles and offer a number of suggestions for companies attempting to overcome the liabilities they face as foreign firms in host capital markets.
Bell, G. & Rasheed, A. A. (2016), Seeking Capital Abroad: Motivations, Process, and Suggestions for Success. Journal of Applied Corporate Finance, 28: 104–113.
Faculty Profile: Greg Bell
Debra Ricard, MPM ’20, already had a master’s degree when she decided to enter the master’s program at UD. With a B.A. in architecture from Washington University in St. Louis and a master’s in architecture from the Catholic University of America, Ricard still did not feel she had found her vocation.
+ Read MoreNicknamed "Professor Bruce" and known for enchanting generations of students with his classroom stories, Professor of Management Bruce Evans is among the longest serving University of Dallas faculty members.
+ Read MoreSister Mary Brian Bole, BA ’67, was joyful. Her joy and enthusiasm permeated everything she did, from teaching and administrating at numerous Catholic schools (including Bishop Dunne, the Highlands School and Nolan Catholic in the Dallas/Fort Worth area as well as schools in Louisiana and Mississippi), to working in the Office of Undergraduate Admission at UD, to delivering a paper at a political science convention in Hungary just a few years ago.
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