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Corporate Finance

Selected Works

2012

A Class

Articles 1 - 2 of 2

Full-Text Articles in Business

The Effect Of Corporate Governance Variables On Share Price: A Comparison Of “A Class” And “B Class” Shares In The People's Republic Of China, Kevin Jih, Simone Kelly, Ray Mcnamara Oct 2012

The Effect Of Corporate Governance Variables On Share Price: A Comparison Of “A Class” And “B Class” Shares In The People's Republic Of China, Kevin Jih, Simone Kelly, Ray Mcnamara

Ray McNamara

This paper examines the interaction between corporate governance and earnings as they affect market performance. The research focuses on Chinese capital markets because of their unique characteristics with respect to elements of corporate governance. Specifically, Chinese companies may issue A-shares to Chinese citizens or B-shares to foreign investors and overseas Chinese or Chinese citizens with foreign currency. B-shares produce reports based on International Accounting Standards, have an independent board structure, and use international recognised auditor. Companies with A-shares only use Chinese Accounting Standards, do not have independent boards of directors and use Chinese auditors operating under Chinese audit standards.The differences …


The Effect Of Corporate Governance Variables On Share Price: A Comparison Of “A Class” And “B Class” Shares In The People's Republic Of China, Kevin Jih, Simone Kelly, Ray Mcnamara Oct 2012

The Effect Of Corporate Governance Variables On Share Price: A Comparison Of “A Class” And “B Class” Shares In The People's Republic Of China, Kevin Jih, Simone Kelly, Ray Mcnamara

Simone Kelly

This paper examines the interaction between corporate governance and earnings as they affect market performance. The research focuses on Chinese capital markets because of their unique characteristics with respect to elements of corporate governance. Specifically, Chinese companies may issue A-shares to Chinese citizens or B-shares to foreign investors and overseas Chinese or Chinese citizens with foreign currency. B-shares produce reports based on International Accounting Standards, have an independent board structure, and use international recognised auditor. Companies with A-shares only use Chinese Accounting Standards, do not have independent boards of directors and use Chinese auditors operating under Chinese audit standards.The differences …