ADR’s American Depositary Receipt

Authors

  • José Antonio Espinosa Osorio

DOI:

https://doi.org/10.18041/1909-2458/ingeniare.11.650

Keywords:

ADR’s, GDR’s, ADS’s, SEC, Capital Markets, Securities Market, Not formalized Market, Custodian Bank, Trustee Bank, Globalization, Stock Exchange, Underwriting, Institutional Investors

Abstract

The importance of ADR’s for companies is that it may constitute a new form of fi nancing. In addition to participating companies in the U.S. capital market and improve its image corportaiva, impact on value creation for companies. Entry into the American capital market, allows companies of foreign countries have new business fi nancing options, which expands the boundaries of their capital markets.

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References

ACEVEDO, Nicolás; FLEISMAN, Daniela; MONTOYA, Angélica y MORA, Andrés. Generalidades de los ADR: Un estudio de caso sectorial para empresas de Colombia, México, Brasil y Chile. Revista Ecos de Economía Nº 31-2010, Eafi t Ediciones.

BNY. Bank of New York Mellon. Recibos de depósito; Creación de valor en los mercados emergentes, 2007.

DE LA TORRE, Augusto y SCHMUKLER, Sergio l. Mercado de capitales emergentes y globalización. Banco Mundial. Washington: Mayol Ediciones, 2008.

NÚÑEZ, Georgina; ONETO, Andrés y DE PAULA, Germano M. Gobernanza corporativa y desarrollo de mercados de capitales en América Latina. Corporación Andina de Fomento, mayo, 2009. Revista Dinero Nº 391-2012.

www.grupobancolombia.com

www.ecopetrol.com.co

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Published

2011-07-01

Issue

Section

Articulo de reflexión

How to Cite

1.
ADR’s American Depositary Receipt. ingeniare [Internet]. 2011 Jul. 1 [cited 2025 Feb. 23];(11):11-2. Available from: https://revistas.unilibre.edu.co/index.php/ingeniare/article/view/650

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