Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/303690 
Authors: 
Year of Publication: 
2022
Citation: 
[Journal:] Cogent Economics & Finance [ISSN:] 2332-2039 [Volume:] 10 [Issue:] 1 [Article No.:] 2090662 [Year:] 2022 [Pages:] 1-24
Publisher: 
Taylor & Francis, Abingdon
Abstract: 
The purpose of this paper is to investigate the relationship between accounting conservatism and companies' cross- listing decision and the mediating role of the corporate governance mechanisms: board of directors' characteristics and ownership structure, on this relationship. Using a sample of 60 French companies for the period 2014-2019, we find new evidence of a reverse causation relationship between accounting conservatism and cross-listing decision in the United States (US). Thus, cross-listed firms in the US are more likely to exhibit more conservative financial reports. In the reverse causality sense, more conservative firms are more likely to cross-list in the US since they can support a higher level of cross-listing costs and satisfy the higher disclosure and governance requirements which allow them to benefit from a better valuation. Our findings also support the new prediction that better governance leads to higher levels of accounting conservatism, implying a mediating impact on the relationship between accounting conservatism and cross-listing decision.
Subjects: 
Accounting conservatism
cross-listing
board of directors
ownership structure
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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