"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
"Poetry is civically important for a healthy and happy society," said three-time UD alumnus Matt Mehan, BA '00 MA '09 PhD '14. "In other words, a healthy politics requires a healthy poetics."
+ Read MoreKimberly Diwa, BA '22, first heard of the University of Dallas during a Bible study at her church. She decided to visit campus and immediately was struck by UD's friendly character, not to mention its impressive record of preparing pre-med students for medical school.
+ Read MoreDuring the course of the 2018-19 academic year, the university will sponsor a series of lectures, art exhibits, panel discussions and other activities centered around All the Light We Cannot See, the first chosen book for this new community reading initiative, culminating in author Anthony Doerr's visit to campus as the 2019 Eugene McDermott lecturer.
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