Access the full text.
Sign up today, get DeepDyve free for 14 days.
J. Coffee (2002)
Racing Towards the Top?: The Impact of Cross-Listings and Stock Market Competition on International Corporate GovernanceCorporate Law: Securities Law eJournal
Darius Miller (1999)
The market reaction to international cross-listings:: evidence from Depositary ReceiptsJournal of Financial Economics, 51
M. Pagano, A. Röell, J. Zechner (2002)
The Geography of Equity Listing; Why Do Companies List Abroad?Journal of Finance, 57
William Sackley (2004)
Why Are Foreign Firms Listed in the U.S. Worth MoreCfa Digest, 34
Patricia Dechow, Richard Sloan, A. Sweeney (1994)
DETECTING EARNINGS MANAGEMENTAccounting review: A quarterly journal of the American Accounting Association, 70
James Myers, Linda Myers, Douglas Skinner (2006)
Earnings Momentum and Earnings ManagementJournal of Accounting, Auditing & Finance, 22
Grace Pownall, K. Schipper (1999)
Implications of Accounting Research for the SEC's Consideration of International Accounting Standards for U.S. Securities OfferingsAccounting Horizons, 13
D. Sheskin (1997)
Handbook of Parametric and Nonparametric Statistical ProceduresTechnometrics, 46
(1996)
Foreign Equities and U.S. Investors: Breaking Down the Barriers Separating Supply and Demand.
Freda Kemp (2003)
The Handbook of Parametric and Nonparametric Statistical Procedures, 52
R. Ball (2001)
Infrastructure Requirements for an Economically Efficient System of Public Financial Reporting and DisclosureBrookings-Wharton Papers on Financial Services, 2001
T. Hazen (1985)
The Law of Securities Regulation
William Reese, M. Weisbach (1999)
Protection of Minority Shareholder Interests, Cross-Listings in the United States, and Subsequent Equity OfferingsCorporate Finance and Organizations eJournal
D. Burgstahler, Ilia Dichev (1997)
Earnings Management to Avoid Earnings Decreases and LossesJournal of Accounting and Economics, 24
J. Jones (1991)
Earnings Management During Import Relief InvestigationsJournal of Accounting Research, 29
Brian Bushee, C. Leuz (2004)
Economic Consequences of Sec Disclosure Regulation: Evidence from the OTC Bulletin BoardCapital Markets: Asset Pricing & Valuation
Sudipta Basu (1997)
The conservatism principle and the asymmetric timeliness of earningsJournal of Accounting and Economics, 24
Ball Ball, Kothari Kothari, Robin Robin (February 2000)
The Effect of International Institutional Factors on Properties of Accounting EarningsJournal of Accounting and Economics, 29
R. Ball, Scott Keating, Christian Leuz, Gerhard Mueller, Christopher Nobes (1999)
The Effect of International Institutional Factors on Properties of Accounting EarningsS&P Global Market Intelligence Research Paper Series
J. Siegel (2005)
Can foreign firms bond themselves effectively by . . renting U.S. securities lawsJournal of Financial Economics, 75
J. Cramer (1987)
Mean and variance of R2 in small and moderate samplesJournal of Econometrics, 35
S. Jacoby (2002)
Mean and VarianceIndustrial and Labor Relations Review, 55
C. Leuz, D. Nanda, Peter Wysocki (2002)
Investor Protection and Earnings Management: An International Comparison
We provide evidence on the characteristics of local generally accepted accounting principles (GAAP) earnings for firms cross‐listing on U.S. exchanges relative to a matched sample of foreign firms currently not cross‐listing in the United States to investigate whether U.S. listing is associated with differences in accounting data reported in local markets. We find that cross‐listed firms differ in terms of the time‐series properties of earnings and accruals, and the degree of association between accounting data and share prices. Cross‐listed firms appear to be less aggressive in terms of earnings management and report accounting data that are more conservative, take account of bad news in a more timely manner, and are more strongly associated with share price. Furthermore, the differences appear to result partially from changes around cross‐listing and partially from differences in accounting quality before listing. We do not observe a similar pattern for firms cross‐listed on other non‐U.S. exchanges or on the U.S. over‐the‐counter market, suggesting a unique quality to cross‐listing on U.S. exchanges.
Journal of Accounting Research – Wiley
Published: May 1, 2003
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.