How Representative are Firms that are Cross Listed in the United States? An Analysis of Accounting Quality

By Mark H. Lang, J. Raedy, Michelle H. Yetman. 2003

640 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/05169d1507ec95bf6637398c054414f428a34f0c

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Citations in the corpus

Earnings Management and Cross Listing: Are Reconciled Earnings Comparable to US Earnings? (2006, positive): “12 Lang et al. (2003b) also provide evidence on the characteristics of local accounting data for the types of firms that self select into US cross listing.”
Accounting Discretion, Loan Loss Provisioning and Discipline of Banks' Risk-Taking (2012, neutral): “, 2003; Chaney and Lewis, 1995; Tucker and Zarowin, 2006; Trueman and Titman, 1988; Sankar and Subramanyam, 2001; Demski, 1998), others argue that income smoothing distorts information (e.g., Barth et al., 2007a, 2007b; Francis et al., 2004; Lang et al., 2003; Leuz et al., 2003).”
Admitting Mistakes: Home Country Effect on the Reliability of Restatement Reporting (2015, background): “Lang et al. (2006) document lower earnings quality in foreign”
The Role of Information and Financial Reporting in Corporate Governance and Debt Contracting (2010, background): “Consistent with this idea, Lang, Raedy, and Yetman (2003) find that firms that cross-list in the United States have less earnings management, more timely loss recognition, and more conservative earnings reports than a matched sample of firms that do not have cross-listed shares.”
Earnings management within Europe: the effects of member state audit environment, audit firm quality and international capital markets (2006, background): “Indeed, foreign companies listed on the NYSE fall under the jurisdiction of the SEC, which is known to be a demanding regulator (Lang et al., 2003). Cross-listed firms on the NYSE face more requirements in terms of additional disclosure, reconciliation of net income and shareholders' equity to US GA”
Different approaches to corporate reporting regulation: How jurisdictions differ and why (2010, background): “…finance, have higher valuations, a lower cost of capital, more analyst following and report higher-quality accounting numbers than their foreign counterparts (e.g., Reese and Weisbach, 2002; Lang et al. 2003a and 2003b; Doidge et al., 2004 and 2009a; Bailey et al., 2006; Hail and Leuz, 2009).”
Does Accounting Quality Change Following a Switch from U.S. GAAP to IFRS? Evidence from Germany (2012, neutral): “Following prior research (Lang et al., 2003; Lang et al., 2006; Barth et al., 2008), the second earnings smoothing metric is the ratio of variability of ∆NI* to the variability of ∆CF*.”
Do investors value smooth performance (2008, positive): “…the correlation between quarterly cash flows and accruals over the same 5 - year period that cash - flow volatility is measured as a proxy for earnings smoothing via accruals similar to Barton ( 2001 ) , Leuz , Nanda , and Wysocki ( 2003 ) , and Lang , Raedy , and Yetman ( 2003 ) , among others .”
Does International Cross-Listing Improve the Information Environment? (2008, positive): “A final hypothesis is suggested by Lang, Raedy, and Yetman (2003).”
Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences (2010, background): “Two additional studies infer capital market incentives from cross-listing status or around the cross-listing event (Lang et al., 2003; Ndubizu, 2007).”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, background): “International studies often aggregate several of the aforementioned proxies into a combined measure (e.g., Leuz et al., 2003; Lang et al., 2003b; Lang et al., 2006; Burgstahler et al., 2006).”