Proceedings of The 3rd International Conference on Advanced Research in Management, Economics and Accounting
Accounting quality and countries institutional characteristics: Evidence from multinational firms
Nizar Berrim, Imen Ghadhab and Hamza Nizar
This paper provides an original evidence regarding the dynamics of cross-listing in the United States and accounting quality. Using a sample of non US firms cross-listed in the US, we show that cross-listing improves accounting quality. We also find that the positive impact of cross-listing on accounting quality is stronger for firms from countries with weaker institutions. Finally, we find that accounting quality following cross-listing in the United States translates into better investment efficiency. Our results are robust to endogeneity concern.