Originality/value of the chapter – We focus on the motivations of investors when they choose to invest in the ADR, rather than on the ADR issuer motivation. In addition, we consider all types of institutional investors that acquire a participation in an ADR firm.
Boubakri, N., Hamza, O. and Kooli, M. (2011), "Institutional Investors' Participation in Foreign Firms: Evidence from ADRs", Boubakri, N. and Cosset, J.-C. (Ed.) Institutional Investors in Global Capital Markets (International Finance Review, Vol. 12), Emerald Group Publishing Limited, Bingley, pp. 145-168. https://doi.org/10.1108/S1569-3767(2011)0000012008
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