Is conditional conservatism higher for overseas-listed Chinese companies on the Hong Kong Stock Exchange?
學年 99
學期 1
出版（發表）日期 2010-10-01
作品名稱 Is conditional conservatism higher for overseas-listed Chinese companies on the Hong Kong Stock Exchange?
作品名稱（其他語言）
著者 孔繁華; Kung, Fan-hua; James, Kieran; Cheng, Chia-ling
單位 淡江大學會計學系
出版者 Irish Accounting and Finance Association
著錄名稱、卷期、頁數 Irish Accounting Review 17(1), pp.31-53
摘要 This paper examines conditional accounting conservatism (Basu, 1997) of Chinese companies that are overseas listed in Hong Kong as H-shares. Due to cultural, historical and political factors, H-share companies are expected to report no more conservatively than their Chinese counterparts that are not overseas listed. The institutional setting of H-share companies, with concentrated state ownership structures, bureaucratic management incentives and political interference, are expected to impede the supply of conservative reporting. Hong Kong listed H-share companies are exposed to the threat of litigation, competitive market forces and a strict regulatory regime in Hong Kong. However, despite these factors, we expect them to report less conservatively than native Hong Kong companies. This is because of the dominance of local institutional incentives that are culturally based. Consistent with our predictions, we find that H-share companies report aggressively whereas matched Chinese companies that are not overseas listed report neutrally. In addition, H-share companies are less conservative than native Hong Kong companies. Our evidence suggests that the location of listing has little effect on conditional conservatism because overseas listed Chinese companies retain a significant exposure to their domestic environment.
關鍵字
語言 en
ISSN 0791-9638
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度 否
國別 GBR
公開徵稿
出版型式 ,紙本
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