"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
UD students not only read St. Augustine's Confessions in Rome, traveling to Ostia to marvel at the place in which, according to Book IX, St. Augustine and his mother, St. Monica, had a joint mystical vision of God -- they also travel 4.4 miles from the Irving campus to read the text with residents of South Irving.
+ Read MoreAs you know if you’ve read even some of our first UD Reads book, "All the Light We Cannot See," it’s possible to build a radio from random, scavenged parts, as long as you can find the necessary random, scavenged parts, as Werner does in the book. This is also essentially what Assistant Professor and Department Chair of Physics Jacob Moldenhauer did as well: He scavenged parts from the Physics Department, and built a radio.
+ Read MoreThe University of Dallas Board of Trustees announced today that it has unanimously selected Thomas S. Hibbs, Ph.D., BA '82 MA '83, to serve as the university's ninth president. The first alumnus of UD to be president, Hibbs has served as dean of the Honors College and distinguished professor of ethics and culture at Baylor University since 2003.
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