پذیرش متقاطع و کیفیت حسابداری
ترجمه نشده

پذیرش متقاطع و کیفیت حسابداری

عنوان فارسی مقاله: محافظت سرمایه گذار، پذیرش متقاطع و کیفیت حسابداری
عنوان انگلیسی مقاله: Investor protection, cross-listing and accounting quality
مجله/کنفرانس: مجله حسابداری مدرن و اقتصاد – Journal of Contemporary Accounting and Economics
رشته های تحصیلی مرتبط: حسابداری، اقتصاد، مدیریت
گرایش های تحصیلی مرتبط: حسابداری مالی، اقتصاد مالی، مدیریت مالی
کلمات کلیدی فارسی: پذیرش متقاطع، کیفیت حسابداری، مدیریت سود، ارتباط ارزشی، محافظه کاری
کلمات کلیدی انگلیسی: Cross-listing, Accounting quality, Earnings management, Value-relevance, Conservatism
نوع نگارش مقاله: مقاله پژوهشی (Research Article)
نمایه: Scopus - Master Journals List - JCR
شناسه دیجیتال (DOI): https://doi.org/10.1016/j.jcae.2019.100179
دانشگاه: University of Wollongong in Dubai, Dubai, United Arab Emirates
ناشر: الزویر - Elsevier
نوع ارائه مقاله: ژورنال
نوع مقاله: ISI
سال انتشار مقاله: 2020
ایمپکت فاکتور: 1.184 در سال 2019
شاخص H_index: 15 در سال 2020
شاخص SJR: 0.527 در سال 2019
شناسه ISSN: 1815-5669
شاخص Quartile (چارک): Q2 در سال 2019
فرمت مقاله انگلیسی: PDF
تعداد صفحات مقاله انگلیسی: 14
وضعیت ترجمه: ترجمه نشده است
قیمت مقاله انگلیسی: رایگان
آیا این مقاله بیس است: بله
آیا این مقاله مدل مفهومی دارد: ندارد
آیا این مقاله پرسشنامه دارد: ندارد
آیا این مقاله متغیر دارد: دارد
کد محصول: E14130
رفرنس: دارای رفرنس در داخل متن و انتهای مقاله
فهرست انگلیسی مطالب

Abstract


1- Introduction


2- Prior literature and hypotheses development


3- H1 Cross-listing in the US stock market is positively associated to accounting quality.


4- Data and research methodology


5- Results


6- Conclusions


References

نمونه متن انگلیسی مقاله

Abstract


Using 42,808 firm-year observations from 32 countries around the world, we investigate whether cross-listing in the US is associated with better accounting quality, and whether investor protection moderates the effect of cross-listing on accounting quality. Our main results show firms that are cross-listed in the US exhibit more timely reporting of losses, greater tendency to manage earnings downward, and more value relevance of accounting numbers as compared to their domestic counterparts. Cross-listed firms originating from high investor protection jurisdictions, particularly in high anti-director rights and common law countries, exhibit greater tendency to recognise a more timely reporting of losses and to manage earnings downward but exhibit lower value relevance of earnings as compared to cross-listed firms domiciled in low anti-director rights and non-common law countries. These results suggest that the strength of investor protection in home country plays an important role in determining the quality of accounting numbers of cross-listed firms.


Introduction


The financial globalization literature highlights that cross-listed firms would benefit in terms of increasing visibility, broadening the shareholder base, gaining access to financial markets, improving relations with the foreign financial community, and increasing demand for the firm’s stock (e.g., Siegel, 2005; He, 2008). Decision of foreign firms to list their shares particularly in the US securities markets (cross-listing hereafter) is driven by the quest for greater access to cheaper capital for funding growth opportunities (Hail and Leuz, 2009). This is due to the fact that cross-listed firms are subjected to the rigorous US Securities and Exchange Commission’s (SEC) requirements including various aspects of corporate governance. However, cross-listing results in an implicit contract between corporate governance of the firm’s home and host environments and raises questions on how much diffusion takes place between these two (Bauer et al., 2004). Evidence of accounting scandals (e.g., Tingting, 2014) brings into question the governance aspects of the cross-listed firms. In particular, despite having strong fundamental characteristics of being listed in the US stock exchanges, unethical issues of the cross-listed firms trigger concerns regarding their accounting quality.

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