Foreign Institutional Ownership and the Global Convergence of Financial Reporting Practices: institutional ownership and the global convergence

By Vivian W. Fang, Mark Maffett, Bohui Zhang. 2015

116 citations recorded by the source corpus.

Subfields: Accounting

View Paper: https://www.semanticscholar.org/paper/653ed260484068a6274b8aa78840b44f5b39a18d

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In Accounting

1. Steve Miller
2. Hong Wan
3. Incheol Kim

Citations in the corpus

• Drivers behind the monitoring effectiveness of global institutional investors: Evidence from earnings management (2016, background): “Fang, Maffett, and Zhang (2015) find that U.S. mutual funds are instrumental in pushing for the global convergence of financial reporting practices.”
• How Do Foreign Institutional Investors Enhance Firm Innovation? (2017, unknown): “Existing evidence shows that foreign institutional ownership affects firm value and performance (Ferreira and Matos (2008)), promotes improvements in governance (Aggarwal et al. (2011)), and facilitates the global convergence of financial reporting practices (Fang, Maffett, and Zhang (2015)).”
• A review of the IFRS adoption literature (2016, unknown): “However, the findings of a recent study by Fang, Maffett, and Zhang (2015) suggest the opposite causality: US institutional investors drive convergence in accounting practices, i.e. an increase in US institutional ownership precedes an increase in accounting comparability between foreign firms and…”