南方科技大学知识苑(SUSTech KC): The Economic Consequences of Hosting the Olympic Games: International Evidence from Cross-Listings

题名	The Economic Consequences of Hosting the Olympic Games: International Evidence from Cross-Listings
作者	Tsang，Albert1 ; Wang，Kun Tracy 2; Zhu，Nathan Zhenghang 2; Yu，Li 3
通讯作者	Yu，Li
发表日期	2022-03-01
DOI	10.2308/JIAR-2021-033
发表期刊	Journal of International Accounting Research 影响因子和分区
ISSN	1542-6297
EISSN	1558-8025
卷号	21 期号:1页码:101-129
摘要	Based on evidence from nine countries that hosted the Olympic Games, we show that relative to firms domiciled in non-Olympics-hosting countries, firms domiciled in Olympics-hosting countries engage in more cross-listing in the years following the Olympics. The effect of hosting the Olympics on firms’ cross-listing activities is more pronounced for firms domiciled in host countries with better performance in the Games; for firms domiciled in countries hosting the Summer Olympics; and for domestic firms. We also find that cross-listing firms domiciled in an Olympics-hosting country tend to cross-list in foreign countries with a greater institutional distance from the host country after the Olympics. Finally, we document a positive effect of Olympics-hosting on the consequences of cross-listing. Taken together, our findings suggest that hosting the Olympics improves the international reputation of the host country, which helps firms domiciled in that country to overcome the liability of foreignness when making cross-listing decisions.
关键词	cross-listing home bias Olympic Games sport
相关链接	[Scopus记录]
语种	英语
学校署名	第一
Scopus记录号	2-s2.0-85134560101
来源库	Scopus
引用统计	被引频次[WOS]：8
成果类型	期刊论文
条目标识符	http://sustech.caswiz.com/handle/2SGJ60CL/359573
专题	商学院商学院_金融系
作者单位	1.Southern University of Science and Technology,College of Business,Department of Finance,Shenzhen,China 2.The Australian National University,College of Business and Economics,Research School of Accounting,Canberra,Australia 3.Nankai University,Business School,Department of Accounting,Tianjin,China
第一作者单位	商学院; 金融系
第一作者的第一单位	商学院; 金融系
推荐引用方式 GB/T 7714	Tsang，Albert,Wang，Kun Tracy,Zhu，Nathan Zhenghang,et al. The Economic Consequences of Hosting the Olympic Games: International Evidence from Cross-Listings[J]. Journal of International Accounting Research,2022,21(1):101-129.
APA	Tsang，Albert,Wang，Kun Tracy,Zhu，Nathan Zhenghang,&Yu，Li.(2022).The Economic Consequences of Hosting the Olympic Games: International Evidence from Cross-Listings.Journal of International Accounting Research,21(1),101-129.
MLA	Tsang，Albert,et al."The Economic Consequences of Hosting the Olympic Games: International Evidence from Cross-Listings".Journal of International Accounting Research 21.1(2022):101-129.