They are the U.S. equivalent of aglobal depository receipt(GDR). Securities of a foreign company that are represented by an ADR are calledAmericandepositary shares(ADSs). Depositary receipts ADRs are one type ofdepositary receipt(DR), which are anynegotiable securitiesthat represent securities of ...
ADR、GDR(Global Depositary Receipts)和EDR(European Depositary Receipts)等是根据存托凭证发行或交易地点的不同所作的命名。如单是在美国证券市场发行,即为ADR;若在全球范围内发行,则谓之为全球存托凭证。ADR作为可转让契约性票据代表了投资人对非美国公司、政府、或美国公司国外子公司股票之所有权。 2、上市模式...
ADR vs GDR Introduction A bank issues adepository receiptwhich is a transferable instrument representing the foreign companies’ publicly traded securities. Investors can hold the shares in other countries’ equities with the help of a depository receipt. The two most common types of DRs are theAmer...
of China Working Paper Series No.2020/9 November 2, 2020 AH and A-ADR Premiums Zhang Xuechun, Xu Ruihui, Liu Xue1 Abstract: This paper explores the micro-, meso- and macro-level determinants of the AH and A-ADR premiums using share price data from cross-listed companies over 2002-2020...
ADR、GDR(GlobalDepositaryReceipts)和EDR(EuropeanDepositaryReceipts)等是根据存托凭证发行或交易地点的不同所作的命名。如单是在美国证券市场发行,即为ADR;若在全球范围内发行,则谓之为全球存托凭证。ADR作为可转让契约性票据代表了投资人对非美国公司、政府、或美国公司国外子公司股票之所有权。
GDR 含义: A global depositary receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company. GDRs list shares in two or more markets, most frequently the U.S. market and the Euromarkets, with one fungible security. GDRs and their dividends are priced...
ADR and GDR are commonly used by the Indian companies to raise funds from the foreign capital market. The principal difference between ADR and GDR is in the market; they are issued and in the exchange, they are listed. WhileADRis traded on US stock exchanges,GDRis traded on European stock...