Academic Research on the China Listings Problem
This is not a new issue and academics have the numbers on the impact
“When Bonding Fails: Audit Firm Oversight of US-Listed Chinese Companies”
Joseph V. Carcello (corresponding author) University of Tennessee, Brian T. Carver Mississippi State University, Clive S. Lennox Nanyang Technological University, Terry L. Neal University of Tennessee. Last revised: 4 Apr 2014.
ABSTRACT: Although “good” companies have incentives …