Publication:
Tapping International Equity Markets Through Depository Receipts : Lessons from the Telecoms Sector

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dc.contributor.authorMustafa, Mohammad A.
dc.contributor.authorFink, Carsten
dc.date.accessioned2012-08-13T15:23:01Z
dc.date.available2012-08-13T15:23:01Z
dc.date.issued1998-04
dc.description.abstractOngoing privatization and financial liberalization in emerging economies have let to continuous growth in the number of depository receipt offerings from these countries. Asian and Latin American companies have been the biggest source of offerings. The main advantages of depository receipts stem from the greater market depth and liquidity offered by international capital markets: telecommunications companies are sometimes too big for local markets to absorb, and more active trading attracts a wider shareholder base, implies continuous evaluation of a company's value, and increases management's accountability for a company's financial performance. International offerings also enhance the legitimacy of shares because companies must comply with transparent accounting rules and strict disclosure standards in the host market. Experience has shown that to guard against failure of a depository receipt issue, much effort needs to be put into choosing the right type of depository receipts, marketing the issue, forecasting investor demand, and determining the share price.en
dc.identifierhttp://documents.worldbank.org/curated/en/1998/04/441742/tapping-international-equity-markets-through-depository-receipts-lessons-telecoms-sector
dc.identifier.doi10.1596/11555
dc.identifier.urihttps://hdl.handle.net/10986/11555
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesViewpoint: Public Policy for the Private Sector; Note No. 140
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectARBITRAGE
dc.subjectCAPITAL MARKETS
dc.subjectCOMPANY
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATION
dc.subjectCUSTODIAN
dc.subjectDEPOSITORY
dc.subjectDEPOSITORY RECEIPTS
dc.subjectDISCLOSURE
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDIVIDENDS
dc.subjectECO
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN COMPANIES
dc.subjectFOREIGN OWNERSHIP
dc.subjectINTERNATIONAL MARKETS
dc.subjectISSUERS
dc.subjectLIQUIDITY
dc.subjectNASDAQ
dc.subjectNYSE
dc.subjectOFFERINGS INTERNATIONAL CAPITAL MARKETS
dc.subjectLIQUIDITY
dc.subjectTELECOMMUNICATIONS
dc.subjectSHAREHOLDING STRUCTURE
dc.subjectPERFORMANCE
dc.subjectCORPORATE VALUE
dc.subjectFINANCIAL PERFORMANCE INDICATORS
dc.subjectACCOUNTING STANDARDS
dc.subjectDISCLOSURE LAWS & REGULATIONS
dc.subjectSTOCK PRICE FORECASTING
dc.subjectSTOCK PRICES
dc.titleTapping International Equity Markets Through Depository Receipts : Lessons from the Telecoms Sectoren
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crosscuttingsolutionareaFragility, Conflict, and Violence
okr.date.doiregistration2025-04-29T09:58:15.149679Z
okr.doctypePublications & Research::Viewpoint
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/1998/04/441742/tapping-international-equity-markets-through-depository-receipts-lessons-telecoms-sector
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid887021468763785576
okr.identifier.externaldocumentum090224b0854e3d10_2_0
okr.identifier.internaldocumentum441742
okr.identifier.report17754
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1999/08/15/000009265_3980901093554/Rendered/PDF/multi_page.pdfen
okr.sectorTelecommunications and Informatics
okr.sectorInformation and communications
okr.topicInfrastructure Economics and Finance::Private Participation in Infrastructure
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicPayment Systems and Infrastructure
okr.topicInternational Terrorism and Counterterrorism
okr.topicSmall Scale Enterprise
okr.topicIndustry
okr.topicConflict and Development
okr.unitFin & Private Sector Develop VP
okr.volume1 of 1
relation.isSeriesOfPublication1067ecbf-b217-4376-a77e-64594be2b212
relation.isSeriesOfPublication.latestForDiscovery1067ecbf-b217-4376-a77e-64594be2b212
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