کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5092998 | 1376107 | 2007 | 33 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Bonding to the Improved Disclosure Environment in the US: Firms' Listing Choices and their Capital Market Consequences
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
کسب و کار، مدیریت و حسابداری (عمومی)
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Bonding to the Improved Disclosure Environment in the US: Firms' Listing Choices and their Capital Market Consequences Bonding to the Improved Disclosure Environment in the US: Firms' Listing Choices and their Capital Market Consequences](/preview/png/5092998.png)
چکیده انگلیسی
We examine whether current disclosure requirements affect foreign firms' decisions to list on a US exchange. We document that (1) while firms from a weak disclosure environment are more likely to cross-list and either trade OTC or be placed privately, they are less likely to list on an exchange in which firms are required to comply with US GAAP, (2) exchange-listing firms receive a higher valuation than non-exchange-listing firms, and (3) exchange-listing firms domiciled in a higher disclosure regime, who incur lower costs of US GAAP compliance, generally receive a higher valuation than exchange-listing firms from a lower disclosure regime.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Contemporary Accounting & Economics - Volume 3, Issue 1, June 2007, Pages 1-33
Journal: Journal of Contemporary Accounting & Economics - Volume 3, Issue 1, June 2007, Pages 1-33
نویسندگان
Ole-Kristian Hope, Tony Kang, Yoonseok Zang,