A note on the early effects of the US Presidential vote on Mexican ADR values

被引：6

作者：

Schaub M. ^{[1
]}

机构：

[1] Department of Economics and Finance, Stephen F. Austin State University, SFA Station, P.O. Box 13009, Nacogdoches, 75962-3009, TX

来源：

Journal of Asset Management | 2017年 / 18卷 / 7期

关键词：

American Depository Receipts; early wealth effects; event studies; international investing; portfolio diversification;

D O I：

10.1057/s41260-017-0043-x

中图分类号：

学科分类号：

摘要：

The vote for US President that occurred on November 8, 2016, resulted in a surprising outcome for many investors. As a result, markets reacted in the USA and other countries. This study examines the short-term changes in the valuation of Mexican firms traded in the USA as American Depository Receipts and compares those results to the changes in the S&P 500 and the change in the value of the peso versus the dollar. Results show the ADRs lost over 7.7 per cent of their value after the election results were made known the following day. This compares to a 1. 1 per cent increase in the S&P 500 index and a 6.8 per cent decrease in the value of the peso that same day. © 2017 Macmillan Publishers Ltd.

引用

页码：511 / 515

页数：4

共 28 条

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