Does International Cross-Listing Improve the Information Environment?

By Nuno Fernandes, Miguel A. Ferreira. 2008

434 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b16eb10abf9cf706cc7ce6e85381222887a62b6b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

Citations in the corpus

IFRS reporting, firm-specific information flows, and institutional environments: international evidence (2012, neutral): “(5) are the same as those included in our main regression, with two exceptions: (1) Accr is included only when its interaction with DIFRS is used as an additional test variable and (2) Cross*INST is included in the regression to make our results comparable with those of Fernandes and Ferreira (2008)”
Why do some banks contribute more to global systemic risk? (2018, background): “Fernandes and Ferreira (2008) find that such a cross-listing increases stock price informativeness in the form of idiosyncratic volatility especially in developed countries.”
Cross-Listing, Investment Sensitivity to Stock Price, and the Learning Hypothesis (2012, positive): “18 Fernandes and Ferreira (2008) find empirically that a cross-listing is associated with an improvement in stock price informativeness, using firm-specific stock return variation as a proxy for price informativeness, and their”
Does stock price informativeness affect labor investment efficiency (2016, background): “3 Fernandes and Ferreira (2009), using a worldwide sample of 48 countries, show that stock price informativeness mitigates the uninformed investor’s risk and is associated with a lower cost of equity.”
The Effect of China's Weak Institutional Environment on the Quality of Big 4 Audits (2015, neutral): “Consistent with prior research (Fernandes and Ferreira 2008; Doidge et al. 2009; Hung, Wong, and Zhang 2012), Equation (7) includes the following independent variables as determinants of the cross-listing decision: SIZE, LEV, ROE, LOSS, MB, SALESGROWTH, SOE, CAPE, LSHARE, and PC.”
The Impact of State Ownership on Share Price Informativeness: The Case of the Split Share Structure Reform in China (2012, background): “stock market returns by following Fernandes and Ferreira (2008). The latter captures return variations due to market-wide information in the U.”
Independent Director Reputation Incentives and Stock Price Informativeness (2017, methodology): “We control for Analyst Coverage , defined as the number of earning forecasts made by security analysts in each financial year, to proxy for information dissemination by security analysts (Fernandes and Ferreira, 2008; Chen, Goldstein and Jiang, 2007; Chan and Hameed, 2006).”