Does the Dual Listed Company Structure Have a Future?
Abstract
A dual listed company (DLC) is a single firm comprised of two separate companies in distinct national stock markets, each with its own legal identity and full share listing. Fashionable in the 1980s and 1990s, in recent years DLCs have been declining in popularity among major companies. This study sheds light on the reasons for this reversal, finding there is a growing body of opinion and evidence that the costs of a dual structure outweigh the benefits. This has implications for firms that still retain a DLC legal structure and need to consider moving to unification.
Full Text: PDF DOI: 10.15640/jmpp.v7n1a1
Abstract
A dual listed company (DLC) is a single firm comprised of two separate companies in distinct national stock markets, each with its own legal identity and full share listing. Fashionable in the 1980s and 1990s, in recent years DLCs have been declining in popularity among major companies. This study sheds light on the reasons for this reversal, finding there is a growing body of opinion and evidence that the costs of a dual structure outweigh the benefits. This has implications for firms that still retain a DLC legal structure and need to consider moving to unification.
Full Text: PDF DOI: 10.15640/jmpp.v7n1a1
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