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Does asymmetric information drive UK dividends propensity?
Basiddiq, Husam; Hussainey, Khaled - In: Journal of Applied Accounting Research 13 (2012) 3, pp. 284-297
Purpose – This paper aims to extend and contribute to prior UK research on the association between information asymmetry and dividends propensity. It seeks to investigate the impact of the number of analysts following firms, a proxy for information asymmetry, on dividends propensity....
Persistent link: https://www.econbiz.de/10014837819
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Do Culture and Cross‐Border Listings Influence Global Analysts Behavior and Disclosure Practices
Ndubizu, Gordian A. - In: Review of Accounting and Finance 1 (2002) 3, pp. 28-41
This paper examines the influence of culture, globalization and investor protection on the number of analysts following firms in each country. The extant literature shows that the number of analysts following firms is positively associated with information disclosure practices of firms....
Persistent link: https://www.econbiz.de/10014989674
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Short sales and price discovery of Chinese cross-listed firms
Chen, Jun; Tourani-Rad, Alireza; Yi, Ronghua - In: International Journal of Managerial Finance 12 (2016) 4, pp. 408-421
Purpose – The purpose of this paper is to investigate the impact of short selling and margin trading on the price discovery and price informativeness of cross-listed firms, using a sample of Chinese firms listed on the China and Hong Kong stock exchanges. Design/methodology/approach – The...
Persistent link: https://www.econbiz.de/10014785433
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Determinants of involuntary cross-listing: US restaurant companies' perspective
Koh, Yoon; Lee, Seoki; Basu, Sudipta; S. Roehl, Wesley - In: International Journal of Contemporary Hospitality Management 25 (2013) 7, pp. 1066-1091
Purpose – The purpose of this study is to identify determinants of involuntary cross-listing (CL) of US restaurant companies on the Frankfurt Stock Exchange (FSE). Design/methodology/approach – The study utilizes a mixed method design with an interview and a pooled logistic regression...
Persistent link: https://www.econbiz.de/10014764973
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Cross-listing of real estate investment trusts (REITs)
Ho, Kim Hin David; Addae-Dapaah, Kwame; Peck, Fang Rui Lina - In: Journal of Property Investment & Finance 35 (2017) 5, pp. 509-527
Purpose The purpose of this paper is to examine the common stock price reaction and the changes to the risk exposure of the cross-listing for real estate investment trusts (REITs). Design/methodology/approach The paper adopts the event study methodology to assess the abnormal returns (ARs). Pre-...
Persistent link: https://www.econbiz.de/10014898965
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Earnings management and listing regulations in China
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 …
Persistent link: https://www.econbiz.de/10014694514
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The life cycle of initial public offering companies in China
Liu, Jia; Li, Dairui - In: Journal of Applied Accounting Research 15 (2014) 3, pp. 291-307
, delisting, acquisition due to strong performance, and acquisition due to weak performance. The authors develop models taking in … specifics, industry features, and corporate ownership and governance. Findings – Delisting is predominantly influenced by the …
Persistent link: https://www.econbiz.de/10014838213
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Drivers of LBO operating performance: an empirical investigation in Latin America
Sannajust, Aurélie; Arouri, Mohamed; Chevalier, Alain - In: European Business Review 27 (2015) 2, pp. 102-123
diluted stockholders. Financial variables present significant effects after the delisting. Research limitations … studies but before and after the delisting. Indeed, they observed, on the one hand, the operating performance between year −1 …
Persistent link: https://www.econbiz.de/10014714284
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Analyst Coverage and Corporate Governance of French IPOs
Millet-Reyes, Benedicte - In: International Journal of Corporate Finance and … 5 (2018) 1, pp. 22-36
Analyst coverage has been associated with good corporate governance characteristics, especially in countries with weak investor protection. This hypothesis is tested for a sample of French IPOs covering the period 2004-2015. In theory, analysts can provide useful forecasts and recommendations...
Persistent link: https://www.econbiz.de/10012043629
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The role of monitoring mechanisms towards company’s performance
Jaffar, Romlah; Abdul-Shukor, Zaleha - In: Journal of Accounting in Emerging Economies 6 (2016) 4, pp. 408-428
Purpose Past studies show that companies’ connection with the government (or politically connected companies (PCCs)) contributed negatively to their financial performance. The grabbing hand theory suggests that political connection demand companies to serve political and social obligation that...
Persistent link: https://www.econbiz.de/10014839527