Bonding to the Improved Disclosure Environment in the United States: Firms' Listing Choices and Their Capital Market Consequences

• Main Authors: Kang, Tony, Hope, Ole-Kristian, Zang, Yoonseok
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2005
• 主題: Bonding; Cross-Listing; Disclosure; Corporate Finance; Finance and Financial Management
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/209
• 機構: Singapore Management University

This paper examines whether the current reporting and disclosure requirements for foreign registrants in the United States affect foreign firms' decisions to list on a U.S. exchange. We find that while firms from a weak disclosure environment are more likely to cross-list and either trade over-...