Bonding to the Improved Disclosure Environment in the US: Firms’ Listing Choices and their Capital Market Consequences

• المؤلفون الرئيسيون: Hope, Ole-Kristian, Kang, Tony, ZANG, Yoonseok
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2005
• الموضوعات: Bonding; Cross-Listing; Disclosure; Accounting; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/212
• المؤسسة: 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-...