Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 43 , 10 November 2023
Open
Access | Article
Compare the Disclosures of U.S.-listed Chinese Companies with U.S.-based Companies
* Author to whom correspondence should be addressed.
Abstract
The purpose of this study is to compare the differences in disclosure quality between Chinese and American companies listed in the United States. Despite the fact that Chinese companies listed on a U.S. stock exchange are required to adhere to the same disclosure and financial reporting regulations as U.S. companies listed on that exchange, variations between the two persist. Consequently, this study seeks to explore and compare the specific disparities in disclosure quality between Chinese companies listed in the U.S. and American companies. The "use of proceeds" section of the initial IPO prospectus for both American and Chinese companies will be employed to assess the specificity of disclosure quality. Statistical data sampling and analysis will be conducted to compare their specificity of disclosure. Finally, a T-test will be employed to compare and contrast the results. Based on our research findings, it can be concluded that Chinese companies listed in the U.S. exhibit a significantly higher overall quality of information disclosure compared to domestically listed U.S. companies.
Keywords
prospectus, use of proceed, net of proceed, specificity
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-107-0
- ISBN (Online)
- 978-1-83558-108-7
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/43/20232115
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited