Title

The impact of securities regulation on the earnings properties of European cross-listed firms.

SelectedWorks Author Profiles:

Maria T. Cabán-García

Document Type

Article

Publication Date

2009

Date Issued

January 2009

Date Available

June 2013

ISSN

0020-7063

Abstract

The objective of this study was to determine if the securities regulation in a foreign country is related to the earnings quality of European firms cross-listed in Europe. The study compared the post-listing earnings quality of 112 European firms cross-listed in 13 European stock exchanges during 1989-2001 to those of a controlled sample of non-cross-listed firms. Earnings quality was assessed by the use of reporting discretion to manage earnings. The regulatory strictness was represented by three indices of securities regulation. Empirical results provide some support to a positive association between earnings quality and the foreign securities regulation, suggesting that the foreign regulatory requirements have little or no effect on the reported earnings of European firms cross-listed in European exchanges.

Comments

Abstract only. Full-text article is available through licensed access provided by the publisher. Published in The International Journal of Accounting, 44(3), 279-304. DOI: 10.1016/j.intacc.2009.06.005. Members of the USF System may access the full-text of the article through the authenticated link provided.

Language

en_US

Publisher

Elsevier Science Ltd.

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.