ADRs and GDRs: Similarities and Benefits | Financial Management

In this article we will discuss about the similarities and benefits of American Depository Receipts (ADRs) and Global Depository Receipts (GDRs). Issue of ADRs and GDRs: Depository Receipts (DRs) are a type of negotiable (transferable) financial security that can be traded on a local stock exchange, representing ownership of shares in companies of other countries. As a part of globalizing [...]