The DOI matches its Crossref record; 21 of the 21 references it cites were found in a registry or an index.
How Representative Are Firms That Are Cross‐Listed in the United States? An Analysis of Accounting Quality
Abstract
We provide evidence on the characteristics of local generally accepted accounting principles (GAAP) earnings for firms cross‐listing on U.S. exchanges relative to a matched sample of foreign firms currently not cross‐listing in the United States to investigate whether U.S. listing is associated with differences in accounting data reported in local markets. We find that cross‐listed firms differ in terms of the time‐series properties of earnings and accruals, and the degree of association between accounting data and share prices. Cross‐listed firms appear to be less aggressive in terms of earnings management and report accounting data that are more conservative, take account of bad news in a more timely manner, and are more strongly associated with share price. Furthermore, the differences appear to result partially from changes around cross‐listing and partially from differences in accounting quality before listing. We do not observe a similar pattern for firms cross‐listed on other non‐U.S. exchanges or on the U.S. over‐the‐counter market, suggesting a unique quality to cross‐listing on U.S. exchanges.
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Cited by
LEUZ, C., & WYSOCKI, P. D. (2016) · Journal of Accounting Research · doi:10.1111/1475-679x.12115 · Cited by 1,760
The role of information and financial reporting in corporate governance and debt contracting
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International Accounting Standards and Accounting Quality
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Self-citationDifferent approaches to corporate reporting regulation: How jurisdictions differ and why
Leuz, C. (2010) · Accounting and Business Research · doi:10.1080/00014788.2010.9663398 · Cited by 425
Earnings management and cross listing: Are reconciled earnings comparable to US earnings?
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Metadata
- Authors
- Lang, M., Raedy, J. S., & Yetman, M. H.
- Venue
- Journal of Accounting Research
- Publisher
- Wiley
- Published
- 2003-04-04
- Volume
- 41
- Issue
- 2
- Pages
- 363-386
- ISSN
- 0021-8456 (ISSN-L)
- 1475-679X
- OpenAlex
- W2019840982
- Cited by
- 608
- References
- 21
- FWCI
- 94.49
- Type
- journal article
- Language
- en
- Open access
- closed
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- Lang, M., Raedy, J. S., & Yetman, M. H. (2003). How Representative Are Firms That Are Cross‐Listed in the United States? An Analysis of Accounting Quality. Journal of Accounting Research. https://doi.org/10.1111/1475-679x.00108
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
