Pan, Lee-Hsien; Lin, Chien-Ting; Yang, Pei-Chi - In: Pacific-Basin Finance Journal 24 (2013) C, pp. 221-234
We examine the inter-relationships among internal governance, firm attributes, and the listing choices of American Depositary Receipts (ADRs) for Chinese firms. We find that Chinese ADRs exhibit better performance, higher growth opportunities, and stronger internal governance than domestic firms...