Li, Tao; Luo, Mi; Ng, David - In: China Finance Review International 4 (2014) 2, pp. 124-152
/methodology/approach – The paper takes advantage of the introduction of stringent delisting requirements around 2000 that non-cross-listed firms … paper finds that the new delisting threats induce rampant earnings management on mainland markets, and cross-listing in Hong … implementation of delisting regulations, and investors rationally discounted the reliability of earnings announcements in China. Such …