TABLE 1
FROM:
After-market performance of industrial American Depository Receipts: Does level of issue and market timing affect returns?
Mark Schaub
BACK TO ARTICLETable 1. Industrial ADR sample description by level and date of issue
| Level of issue | Number of observations | Date of issue Before 1/1/1998 | After 1/1/1998 |
|---|---|---|---|
| Emerging | 14 | 11 | 3 |
| Developed | 22 | 5 | 17 |
| Totals | 36 | 16 | 20 |
a The total sample contains 36 Industrial firm ADRs listed on the NYSE from 1st January, 1990 through 31st December, 2002. The sample is divided between issues prior to 1st January, 1998 and those after 1st January, 1998 and based on level of issue.
