The Economic Consequences of Increased Disclosure: Evidence from International Cross-listings

By Warren Bailey, G. Karolyi, Carolina Salvà. 2006

517 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a506325b8c010a9ee0ba612873109c1a47966c6b

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Citations in the corpus

Trading Volume Around Earnings Announcements and Other Financial Reports: Theory, Research Design, Empirical Evidence, and Directions for Future Research (2010, unknown): “…to violations of assumptions underlying the statistical tests, for example, by reporting results based on rank transformations or nonparametric statistical tests (e.g., Sivakumar and Waymire 1994; Landsman and Maydew 2002; Ryan and Taffler 2004; Bailey et al. 2006; Garfinkel and Sokobin 2006).”
The Equity Home Bias Puzzle: A Survey (2013, background): “Bailey et al. (2006) show that cross-listing in the United States appears to decrease the information disadvantage of U.S. investors.”
How Important Is the Financial Media in Global Markets (2011, background): “However, their test design, focus, and methodologies are quite distinct from those we employ.2 Bailey, Karolyi, and Salva(2006) look at earnings event reactions before and after a U.S. cross-listing and find that U.S. accounting requirements lead to increases in earnings announcement reactions.”
The Information Content of Annual Earnings Announcements and Mandatory Adoption of IFRS (2012, unknown): “10 Because interim earnings announcements are sparsely covered in the I/B/E/S International files, we follow prior international research by studying annual earnings announcements (Bailey et al., 2006; DeFond et al., 2007). 11 Ince and Porter (2005) documents the susceptibility of returns collected ”
The World of Cross-Listings and Cross-Listings of the World: Challenging Conventional Wisdom (2006, unknown): “Bailey et al. (2005) examine the cumulative absolute abnormal returns and abnormal trading volume around earnings announcements before and after U.”
Investor Protection and the Information Content of Annual Earnings Announcements: International Evidence (2007, unknown): “10 While both trading volume and price changes reflect the average change in investors’ expectations, trading volume also reflects differences among investors’ revisions in expectations (Bailey et al. 2004).”
Earnings Management and Cross Listing: Are Reconciled Earnings Comparable to US Earnings? (2006, unknown): “Papers like Bailey et al. (2002) and Lang et al.”
The Role of American Depositary Receipts in the Development of Emerging Equity Markets (2004, background): “generally accepted accounting principles (GAAP), and receive wide coverage among analysts and the press (Baker et al., 2002; Bailey et al., 2003; Lang et al., 2003).”