the National Natural Science Fund for Emergence Management Program(No.71850001);the National Natural Science Fund(No.71733004).
This paper explores determinants of price premiums between A-share and American depositary receipts(ADR)or H-share and sheds light on policies using daily data from cross-listed companies from 2002-2020.Market sentime...
This study investigates the association between corporate social responsibility (CSR) performance and cross-listing. In a clean setting where a change in CSR performance can be attributed to the cross-listing, we fi...
Previous literature on price limit offers mixed empirical evidence on the effectiveness of price limits.This study complements the literature by providing a quasi-natural experiment to study the performance of price l...
In this paper, we investigate if dividend policy is influenced by ownership type.Within the dividend literature, dividends have a signaling role regarding agency costs, such that dividends may diminish insider conflic...
The purpose of this study is to analyze the valuation effects of cross-listing. The study has conducted a univariate analysis of the Tobin's Q and the market-to-book ratio for the period before and after the cross-li...
The National Natural Science Foundation of China supported this study(ProjectNos.70802067,71002026,and 70772080)
We examine the association between auditor choice and the accruals patterns of Chinese listed firms that cross-list in Hong Kong.Our evidence suggests that the clients of Big 4 auditors report lower unsigned discretio...
The present study investigates the impact of cross listing of ADRs on the Indian stock market for the period June 2004 to July 2009. Average abnormal returns and cumulative average abnormal returns are calculated for ...
The purpose of this paper is to investigate the relationship between investor protection, ownership structure and corporate valuation. La Porta showed that there existed a simple linear relationship between corporate ...
This paper provides a broad-based overview of Chinese companies listed in the UnitedStates, Hong Kong SAR, and Singapore. As more and more Chinese companies are seekinglisting on international stock exchanges, they mu...