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McKinsey Quarterly is the business journal of McKinsey & Company.

featured Financial Services, Securities article, cross-listing shares does not create value

November 2008 

Why cross-listing shares doesn’t create value

Companies from developed economies derive no benefit from second listings in foreign equity markets. Those that still have them should reconsider.

Recent Thinking

The Archive

2006

  • January 2006 

    The right fix for fixed income

    Today's warnings about credit risk give firms enough time to protect the earnings they derive from fixed income.

2005

2004

2003

2002

  • August 2002 

    Equity trading's future in Europe

    Equity-trading volumes may grow by as much as 17 percent a year from 2001 to 2005, but revenues and profits may be more elusive unless wholesale equity brokers meet the changing needs of their diverse customer segments.

2001

2000

  • May 2000 

    Hot money

    Hedge funds are commonly blamed for the recent financial crises in Asia and Russia, but banks were the real culprits

  • May 2000 

    The equity market of the future

    Investors need and deserve markets that serve the interests of all their participants, not just broker-dealers. Four broad changes will get us from here to there.

1996

  • May 1996 

    Buy stocks, shun bonds

    There’s new evidence that global capital markets are becoming a reality. They will drive the transfer of technology and managerial know-how across borders. A series of major bond crises is likely.

1995

  • May 1995 

    Getting beyond Glass-Steagall

    Reform of financial services long overdue. Traditional banks suffer at hands of new, less regulated rivals. Repeal the BHCA now.

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