Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Explain the concept of American depositary receipts (ADRs). 

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Meaning of American depositary receipts (ADRs):

American negotiable securities that signify ownership of shares of a foreign company traded in the US capital market. It is distributed to U.S investor by an American bank in denominations of US dollars. It is essentially encouraging domestic buyers to purchase international business securities.

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