The impact of national culture on the synchronicity of cross-listed firms

被引：5
|
作者：
Abdallah, Abed Al-Nasser [1 ]
Abdallah, Wissam [2 ]
Saad, Mohsen [3 ]
机构：
[1] Amer Univ Sharjah, Sch Business & Management, POB 26666, Sharjah, U Arab Emirates
[2] Lebanese Amer Univ, Adnan Kassar Sch Business, POB 13-5063, Beirut, Lebanon
[3] Amer Univ Sharjah, Sch Business & Management, POB 26666, Sharjah, Lebanon
来源：
FINANCE RESEARCH LETTERS | 2022年 / 46卷
关键词：
Synchronicity; Culture; Reconciliation; IFRS; INFORMATION; IFRS; ADOPTION; MARKET;
D O I：
10.1016/j.frl.2021.102293
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We examine the impact of national culture on the relationship between International Financial Reporting Standards (IFRS) adoption and stock price synchronicity for a sample of cross-listed firms in the U.S. We find that synchronicity decreases when the cross-listed firms reconcile their accounts from IFRS to U.S. GAAP. The synchronicity reduction is more pronounced for firms from secretive societies (i.e., low individualistic and masculine cultures, and high uncertainty avoidance and power distance cultures). Our results reveal that IFRS adoption improves firm-specific information, and national culture affects such improvement.
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页数：8
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