We examine the consequences of a 2010 Hong Kong regulation that allows, for the first time, companies incorporated in mainland China and cross-listed in Hong Kong (H share companies) to hire mainland domiciled auditors to audit their Hong Kong financial reports. We find that less than one third...

The surge in the number and value of cross-border mergers and acquisitions (M&As) by Chinese firms in recent years has attracted worldwide attention. To better understand the causes and consequences of Chinese firms’ cross-border M&A activities, we review the theoretical and empirical...

We discuss the accounting rules that apply to reporting a U.S. company's international operations. We use examples to illustrate diversity in accounting and offer caveats for policy makers, standard setters, analysts, and researchers regarding their interpretation and use of financial accounting...