Shareholder Value Creation: Evidence from Internationally Listed Companies

Abstract

This paper is an attempt to ihvestigate the shareholder value created by the internationally listed companies. The study has taken into consideration the six emerging markets whose $tock were listed in,New York Stock Exchange like India, Korea, Hong Kong, Brazil, Argentina and Mexico. To calculate the shareholder value created Pablo Fernandez's formula isused. 11,e results o/the study conclude that the companies have created a wealth for their shareholders after goinitnternational. Seven companies out of twenty have shown positive wealth creation but rest of the companies didn't.