haku: @author Lang, M. / yhteensä: 10
viite: 4 / 10
| Tekijä: | Lang, M. Raedy, J. S. Yetman, M. H. |
| Otsikko: | How Representative Are Firms That Are Cross-Listed in the United States? An Analysis of Accounting Quality |
| Lehti: | Journal of Accounting Research
2003 : MAY, VOL. 41:2, p. 363-396 |
| Asiasana: | ACCOUNTING QUALITY USA GAAP |
| Kieli: | eng |
| Tiivistelmä: | The authors 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. The authors 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. |
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