Racing Towards The Top

By John C. Coffee. 2002

934 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/e8ea6dc8f172ef09c5150d24348bf68755a9e18a

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Citations in the corpus

The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation (2006, background): “Two leading hypotheses are the investor recognition hypothesis of Merton (1987) and the bonding hypothesis of Coffee (1999, 2002) and Stulz (1999).”
WHY DO SOME MULTINATIONAL CORPORATIONS RELOCATE THEIR HEADQUARTERS OVERSEAS (2006, background): “…is some work in finance and law concerned with the decision to list a company on a foreign stock exchange and/or change the company’s legal domicile (Coffee, 2002; Foerster and Karolyi, 1999; Ghosh, Rodriguez and Sirmans, 1995; Reese and Weisbach, 2002; Saudagaran, 1988; Saudagaran and Biddle,…”
The colors of investors’ money: The role of institutional investors around the world (2008, positive): “S. firms that list on a U.S. exchange.20 Thus, we interpret this positive valuation effect as a form of reputational bonding (Coffee, 2002; Stulz, 1999) stemming from monitoring by highly reputable institutions, rather than the legal bonding associated with a U.S. cross-listing.”
Corporate Governance, Accounting and Finance: A Review (2011, positive): “This extends to enhanced monitoring by intermediaries of high repute, such as, financial analysts, auditors, underwriters and rating agencies (Coffee, 2002; Lang et al., 2003; Doidge et al., 2004).”
The Impact of the home country on internationalization (2018, background): “…companies from countries with poor governance were looking to bond themselves by the higher levels of governance that existed in advanced economies; this was done to signal their higher quality and to reduce their association with the weakness in corporate governance at home (Coffee, 2002).”
Can foreign firms bond themselves effectively by . . renting U.S. securities laws (2005, neutral): “Even considering for a moment a world in which the median settlement recovery was an unrealistically high 50%, the system of infrequent and ineffective SEC enforcement combined with 50% recovery would be far less effective than Coffee (2002) suggests.”
How Representative are Firms that are Cross Listed in the United States? An Analysis of Accounting Quality (2003, background): “cross-listing firms face relaxed requirements on other dimensions relative to US firms, as discussed in Coffee (2002). For example, these requirements relax disclosure regarding compensation and interested director transactions, do not require quarterly reporting unless the”
Political Relationships, Global Financing and Corporate Transparency: Evidence from Indonesia (2006, positive): “It is also possible that global financing imposes extra costs on closely connected firms because the decision to cross-list shares on foreign exchanges often forces firms to adapt to the regulations that govern these markets (Coffee, 2002; Reese and Weisbach, 2002; Siegel, 2005).”
Convergence of Corporate Governance: Critical Review and Future Directions (2009, background): “Such bonding, in turn, has been found to increase the firm’s share value (Coffee, 2002).”