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Cross listing, corporate governance and corporate performance: Empirical evidence of Hong Kong‐listed Chinese companies

Zhou Jian (Business School, Nankai University, Tianjin City, China)
Zhang Tingting (Business School, Nankai University, Tianjin City, China)
Cui Shengchao (Business School, Nankai University, Tianjin City, China)

Nankai Business Review International

ISSN: 2040-8749

Article publication date: 2 August 2011

Abstract

Purpose

The purpose of this paper is to explore whether corporate governance is the intermediary between the cross listing strategy and corporate performance.

Design/methodology/approach

The paper first reviews the studies on cross listing and corporate governance, and then constructs the theoretical model to express the relationship between cross listing, corporate governance, and corporate performance. Then, the paper takes the regression test and mediating effects test with the companies listed in Hong Kong as the sample.

Findings

Empirical studies found that corporate governance is the intermediary between the cross listing strategy and corporate performance. Meanwhile, the study verified that cross listing strategy does enhance corporate performance.

Originality/value

The finding will help Chinese corporations choose another way to be international and practise the strategy of cross listing.

Keywords

Citation

Jian, Z., Tingting, Z. and Shengchao, C. (2011), "Cross listing, corporate governance and corporate performance: Empirical evidence of Hong Kong‐listed Chinese companies", Nankai Business Review International, Vol. 2 No. 3, pp. 275-288. https://doi.org/10.1108/20408741111155299

Publisher

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Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited