We use a sample of democratic firms (with 5 or less anti-takeover provisions) from the Investor Responsibility Research Center (IRRC) database and use idiosyncratic volatility as a proxy for information from the market of corporate control as in Ferreira and Laux (2007) to link the equity...

This paper examines the cross-listings by Chinese companies in Hong Kong, Singapore, and the U.S. markets from 1993 to 2005. Our sample consists of 101 firms cross-listed in Hong Kong, 43 firms in the U.S. and 77 firms in Singapore and a sample of 1,247 domestic listings. We find that the...

This paper examines the decision to list abroad by Chinese companies in the form of ADRs and foreign IPOs from 1993 to 2005. Our sample consists of 33 ADRs, 218 foreign IPOs, and a sample of 1,418 domestic listings. We find evidence to support that issuers are motivated to cross-list due to the...