Foreign primary listings and corporate governance bonding

Autor:	Ling Mei Cong, J-L. W. Mitchell Van der Zahn, Greg Tower, Alistair Brown
Rok vydání:	2010
Předmět:	Primary (chemistry) business.industry Corporate governance Accounting Business General Business Management and Accounting
Zdroj:	Corporate Ownership and Control. 8:800-817
ISSN:	1810-3057 1727-9232
Popis:	This paper investigates whether a foreign primary listing is associated with corporate governance bonding of PRC firms listed in Hong Kong and Singapore. Consistent with bonding theory, there is a significant difference between the corporate governance quality of PRC firms with a foreign primary listing and counterparts with a domestic primary listing only (i.e. the PRC benchmark). The corporate governance quality of PRC foreign primary listing firms is not significantly different from foreign market benchmarks. The association between the foreign primary listing and corporate governance quality holds when firm characteristics are controlled for. Findings from this paper contribute to the cross listing literature by providing direct evidence on the corporate governance bonding associated with PRC foreign primary listings.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::00a966cbf6eb8437f7f924a56757cbf9 https://doi.org/10.22495/cocv8i1c8p5 Zobrazit plný text záznamu