Financial Reporting Quality of Chinese Reverse Merger Firms: The Reverse Merger Effect or the China Effect?

• المؤلفون الرئيسيون: CHEN, Kun-Chih, CHENG, Qiang, Lin, Ying Chou, Lin, Yu-Chen, Xiao, Xing
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2013
• الموضوعات: Reverse mergers; Chinese firms; China; financial reporting quality; bonding hypothesis; cross-listings; Accounting; Asian Studies; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/1178; https://ink.library.smu.edu.sg/context/soa_research/article/2177/viewcontent/ChenKC2013FinancialReportingChineseMerger.pdf
• المؤسسة: Singapore Management University

In this paper, we examine why Chinese reverse merger (RM) firms have lower financial reporting quality. We find that while U.S. RM firms have similar financial reporting quality as matched U.S. IPO firms, Chinese RM firms exhibit lower financial reporting quality than Chinese ADR firms. We further f...