In the current era of globalization, cross-listing literature has been growing as a tool to achieve sustainable growth and provide policy implications for multinationals, international investors, and regulators. This research explores the three themes—influential aspects, intellectual structure, and conceptual structure—that underpin the growing cross-listing-based literature published in the Web of Sciences until July 2020. This study used bibliometric coupling to segregate the research front of cross-listing and then studied each theme’s conceptual structure and influential aspects separately. The analysis revealed that the cross-listing literature could be divided into three clusters: (1) price discrepancies and stock returns related to asymmetric information and market efficiencies, (2) earnings quality, earnings management, and the adoption of accounting standards, and (3) cross-listing benefits covering the growth, informativeness, and liquidity. For instance, our analysis identifies the impact of cross-listing on local market developments regarding trading volume and liquidity, secondly the benefits of financial market liberalization for cross-listing, particularly regarding the cost of capital, and thirdly the variation in abnormal returns after cross-listing with changing risk exposure, shareholding base, and amount of money raised. This research also proposes a future research agenda for the advancement of each cluster of cross-listing identified. The outcomes of this literature review will provide valuable information to practitioners and researchers and help them to further understand the broad perspective and prospects of cross-listing.
30 September 2023 in Sustainable Business and Society in Emerging Economies
Purpose: This study investigates the many variables that support the expanding SCM-based literature published in the Web of Sciences till July 2023. Design/Methodology/Approach: This study separated the research front of Supply chain management using bibliometric coupling and then examined the conceptual structure of each element. SCM literature is highly published in 2021, with publication of Cleaner Production being the top publication for publishing SCM studies. The United Kingdom (UK) was the most often cited country for SCM research. Findings: The current study's aims are fourfold. To begin, we intend to investigate existing practices in the literature of SCM in provisions of key authors, fields, key journals, major institutes, associated nations, research kind, and economy. Second, we plan to identify important research tendencies in the field of SCM. Third, to comprehend the academic framework related to the research of SCM and how it has evolved over time Implications/Originality/Value: This study recommends a future research agenda for determining the rational formation, significant elements, and theoretical framework of literature based on SCM, as shown by the questions of the research suggested in this study. SCM stakeholders and organizations developing SCM might acquire helpful insights into the repercussions of SCM. Because of these unique traits, this work makes an important contribution to the burgeoning literature on SCM.