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Cross listing, corporate governance and corporate performance Empirical evidence of Hong Kong‐listed Chinese companies

Cross listing, corporate governance and corporate performance Empirical evidence of Hong... Purpose – The purpose of this paper is to explore whether corporate governance is the intermediary between the cross listing strategy and corporate performance. Design/methodology/approach – The paper first reviews the studies on cross listing and corporate governance, and then constructs the theoretical model to express the relationship between cross listing, corporate governance, and corporate performance. Then, the paper takes the regression test and mediating effects test with the companies listed in Hong Kong as the sample. Findings – Empirical studies found that corporate governance is the intermediary between the cross listing strategy and corporate performance. Meanwhile, the study verified that cross listing strategy does enhance corporate performance. Originality/value – The finding will help Chinese corporations choose another way to be international and practise the strategy of cross listing. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Nankai Business Review International Emerald Publishing

Cross listing, corporate governance and corporate performance Empirical evidence of Hong Kong‐listed Chinese companies

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Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
2040-8749
DOI
10.1108/20408741111155299
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to explore whether corporate governance is the intermediary between the cross listing strategy and corporate performance. Design/methodology/approach – The paper first reviews the studies on cross listing and corporate governance, and then constructs the theoretical model to express the relationship between cross listing, corporate governance, and corporate performance. Then, the paper takes the regression test and mediating effects test with the companies listed in Hong Kong as the sample. Findings – Empirical studies found that corporate governance is the intermediary between the cross listing strategy and corporate performance. Meanwhile, the study verified that cross listing strategy does enhance corporate performance. Originality/value – The finding will help Chinese corporations choose another way to be international and practise the strategy of cross listing.

Journal

Nankai Business Review InternationalEmerald Publishing

Published: Aug 2, 2011

Keywords: China; Cross listing; Corporate governance; Corporate performance; Mediating effect

References