Foreign Stock Listings: Benefits, Costs, and the Accounting Poiicy Dilemma
Foreign Stock Listings: Benefits, Costs, and the Accounting Poiicy Dilemma
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发表时间：
1991-08
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通讯作者：
Gary C. Biddle;S. Saudagaran
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作者：
Gary C. Biddle;S. Saudagaran
随着公司进入国外市场寻求客户和资本，会计从业人员必须努力应对语言、习俗、会计惯例和审计标准方面的跨境差异。在美国的证券交易所声称，他们处于竞争劣势，因为严格的美国报告要求阻止外国公司在这里上市。这项研究提出的证据对三个关键问题提出了这些发展：（1）什么是在外国证券交易所上市的好处和成本？(2)会计披露要求在多大程度上影响外国上市决定？(3)外国证券交易所Ustings提出了哪些会计政策问题，监管机构如何应对？
As firms enter foreign markets for customers and capital, accounting practitioners must wrestle with cross-border differences in languages, customs, accounting conventions, and auditing standards. Stock exchanges in the U.S. claim that they are at a competitive disadvantage because stringent U.S. reporting requirements discourage foreign firms from listing here.This study presents evidence on three key questions raised by these developments:(1) What are the benefits and costs to listing on a foreign stock exchange?(2) Tb what extent do accounting disclosure requirements influence foreign listing decisions?(3) What are the accounting policy issues posed by foreign stock exchange Ustings and how have regulatory authorities responded?