Do Cross-Border Listing Firms Manage Earnings? Evidence from Egyptian Stock Exchange | ||
| المجلة العلمية للدراسات التجارية والبيئية | ||
| Article 45, Volume 13, Issue 4, October 2022, Pages 80-115 PDF (605.58 K) | ||
| Document Type: المقالة الأصلية | ||
| DOI: 10.21608/jces.2022.285171 | ||
| Authors | ||
| Shaimaa Fikry Mehanna khalil* ; Fatma Mahmoud Ebrahim Eldsouky* ; Elsayd Gamal Mohamed Al-Qazzaz* | ||
| Assistant professor of accounting Zagazig university | ||
| Abstract | ||
| Purpose – The purpose of this study is to examine whether cross-listing Egyptian firms in international stock exchanges are associated with improving the quality of reported earnings Design/Method – Depending on multivariate regression analysis, this study examined the impact of international cross-listing on the earnings management practices of Egyptian firms. Findings – Using earnings management practices as an inverse proxy for quality of financial reporting, this study found that cross-listed Egyptian firms tend to report larger value of discretionary accruals compared with non-cross-listed Egyptian firms after controlling for several firm-level characteristics that could influence managers’ incentives to manipulate earnings. | ||
| Keywords | ||
| International Cross-Listing; Global Depository Receipts; earnings management | ||
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