"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
The university mourns the passing of Professor Emeritus of Chemistry Jack Towne, Ph.D. (April 23, 1927 - July 8, 2019), who passed away in his Irving home at age 92. He had a long, celebrated career in education, culminating in his roles at UD.
+ Read MoreJuly 1 marked an era of new beginnings at the University of Dallas as Thomas S. Hibbs, Ph.D., BA '82 MA '83, stepped into the limelight as the university’s ninth and first alumnus president. And his early morning arrival on UD’s Irving campus denoted a full-circle homecoming for the former Holy Trinity seminarian.
+ Read MoreOn July 9, President Thomas S. Hibbs, Ph.D., BA '82 MA '83, along with Alex and Martha Galbraith, parents of alumna Alison Galbraith, BA '12, signed the C.W. Eaker Scholarship Fund for Chemistry/Biochemistry at UD. The endowed scholarship is the first to be received by Hibbs since his presidency began on July 1; it honors longtime and much-loved chemistry professor C.W. Eaker, Ph.D., who served UD with distinction for over 40 years, first as a faculty member, then as dean of Constantin College and finally as provost of the university.
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