Books By Dr. Emmanuel A. Ihejirika

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As a classical empirical research study, the author investigated whether foreign investment into the U.S are hindered by SOX act, high compliance cost or high stock listing cost in NYSE and NASDAQ exchanges. This book is a practical and excellent resource for graduate academic research in business, showing how research methodology design and variables are operationalized.

This book will benefit African firms and global investors listing shares overseas, including in U.S using Depositary Receipts (DRs). The increasing demand for Depositary Receipts is driven by the desire of individual and institutional investors to diversify their portfolios, reduce risk and invest internationally.

While most investors recognize the benefits of global diversification, they also understand the challenges presented when investing directly in local trading markets. These obstacles can include inefficient trade settlements, uncertain custody services and costly currency conversions.

Ratings & Reviews


By Meni Roland
Apr 21, 2016
Dr. Emmanuel A. Ihejirika in his book “Barriers To Global Stock Listing Among African Companies. Is it Cost or Compliance?”, tries to address the challenges that African companies face which prevents them from listing in the major financial markets of the world. He addresses the advantages of global listing which apply to the investors. He also addresses the various barriers that prevent global listing such as the “high cost of listing”, “high compliance cost to the strict rules and regulations” among others. Africa has one of the largest stock markets in the world in South Africa with a market capital of over $180 billion . Dr. Ihejirika also looks into why there has been a decrease in the cross listing of foreign firms from sub saharan African countries. In this, he finds out that compliance cost may provide reasons for the firms to delist. Because of the Sarbanes Oxley Act (SOX), firms have switched to using over-the-counter and other trading markets to avoid the U.S. SOX.